National Consumer Cooperative Bank Amendments of 1989

Summary

National Consumer Cooperative Bank Amendments of 1989 - Amends the National Consumer Cooperative Bank Act to provide that the holder of class A notes shall be entitled to interest rates determined by the Secretary of the Treasury, taking into consideration the current average yield on comparable outstanding marketable U.S. obligations as of the last day of the month preceding each issuance of such notes to the Secretary. Limits interest payments until 1990 to 25 percent of gross revenues. Authorizes the Bank to issue replacement class A notes with the Secretary's approval. Mandates that all class A notes be redeemed by October 31, 2020.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

6 official files

• Received in Senate (text)

  Received in Senate · EN

  ViewDownloadOpen at official source

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Enrolled Bill (text)

  Enrolled Bill · EN

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN

  ViewDownloadOpen at official source

• Public Law (PDF)

  Public Law · EN · 8 December 1989

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 17 November 1989

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.