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 ... Read more >

The bill’s title was written by its sponsor.


Aug 24, 1978

This is the first step in the legislative process.

This is a Senate bill in the United States Congress (indicated by the “S.” in “S. 3462”). A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.


Committee Assignments

The committee chair determines whether a bill will move past the committee stage.


There have been no roll call votes related to this bill.

Links & tools

Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.


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