S. 3462 (95th): A bill to provide for the maintenance of reserves by member banks through certificates of deposits issued by the Federal Reserve Banks and to reduce and restructure reserve requirements.
Aug 24, 1978
95th Congress, 1977–1978
Died in a previous Congress
This bill was introduced on August 24, 1978, in a previous session of Congress, but was not enacted.
Edward Brooke III
Senator from Massachusetts
About the bill
- Summary (CRS)
- 8/24/1978--Introduced.Amends the Federal Reserve Act to require every member bank to maintain reserves against its demand deposits at a rate between three and ten percent as determined by the Federal ...
- What is a bill?
The “S.” in “S. 3462” means this is a Senate bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
The bill’s title was written by its sponsor.
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There have been no votes related to this bill.
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|title=S. 3462 (95th)
|accessdate=May 4, 2015
|author=95th Congress (1978)
|date=August 24, 1978
|quote=A bill to provide for the maintenance of reserves by member banks through certificates of ...