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United States · Bill · S

S. 1667 (95th)

Savings and Loan Financial Centers Act

referredUnited States· United States Congress· EN

Introduced

9 June 1977

Last action

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Status

Referred to Senate Committee on Banking, Housing and Urban Affairs.

Sponsors

—

Subjects

Discovery layer

Source updated

2 September 2025

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Summary

Savings and Loan Financial Centers Act - Title I: Payment of Interest on Deposits or Accounts - Extends for five and a half years after the enactment of this Act the authority of the Federal Home Loan Bank Board, the Federal Deposit Insurance Corporation, and the Federal Reserve Board to set interest rate limits, including the setting of a differential for certain classes of institutions. Title II: Lending and Investment Powers - Amends the Home Owners' Loan Act of 1933 to specify the types of investments that federally- chartered savings and loan associations may make. Title III: Third Party Payment Accounts - Amends the Federal Home Loan Bank Act to permit federally-chartered savings and loan associations to offer negotiable order of withdrawal (NOW) accounts.

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1 official file

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