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United States · Bill · S

S. 1680 (97th)

Banking Affiliates Act

openUnited States· United States Congress· EN

Introduced

29 September 1981

Last action

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Status

Committee on Banking received executive comment from Federal Deposit Insurance Corporation. Favorable.

Sponsors

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Subjects

Discovery layer

Source updated

29 August 2025

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Summary

Banking Affiliates Act - Amends the Federal Reserve Act to revise restrictions on transactions between member banks and affiliates by allowing any member bank and its subsidiaries to engage in specified transactions with, or for the benefit of an affiliate, if each transaction is made at fair market value and if the aggregate amount of covered transactions does not exceed stated limits. Prohibits a member bank and its subsidiaries from purchasing any low quality assets.

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Documents

1 official file

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Sources

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