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 ...

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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.


Aug 24, 1978


Committee Assignments

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There have been no votes related to this bill.

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THOMAS.gov (The Library of Congress)

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