A bill to amend section 19(g) of the Federal Reserve Act.

Summary

States that in the determination of the amount of any reserve balance, under the Federal Reserve Act, for any type or types of deposits specified by the Federal Reserve Board, there may be deducted, in whole or in part, as the Board may prescribe, any investments in obligations specified by the Board issued by Federal agencies for the purpose of directly or indirectly financing the construction or acquisition of residential real property. (Amends 12 U.S.C. 465)

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 3 August 1973

   Introduced

   Referred to House Committee on Banking and Currency.

   Source: IntroReferral

2. 3 August 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 August 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 3 August 1973

  Open at official source

Sponsors

• Rep. Rees, Thomas M. [D-CA-23] · D · Sponsor
• · hsba00 · Standing

Related records

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