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United States · Law · HR

H.R. 1094 (106th)

To amend the Federal Reserve Act to broaden the range of discount window loans which may be used as collateral for Federal reserve notes.

enactedUnited States· United States Congress· EN

Introduced

11 March 1999

Last action

Status

Became Public Law No: 106-122.

Sponsors

Subjects

Discovery layer

Source updated

14 January 2025

Summary

Amends the Federal Reserve Act to include among the types of collateral security which may be required (to back currency) in a Federal Reserve bank application for Federal Reserve notes any acceptances acquired (discount window loans extended) with respect to: (1) emergency advances to groups of or individual member banks; and (2) discounts of agricultural paper.

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Documents

12 official files

Enrolled Bill (text)

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