A bill to amend the Federal Reserve Act to provide that deposits of State and local governments will not be subject to reserve requirements, and for other purposes.

Summary

Full Text

Legislative Actions

1. 1981-09-30

   Introduced in Senate

2. 1981-09-30

   Read second time and referred to Senate Committee on Banking.

3. 1981-10-02

   Committee on Banking requested executive comment from Federal Reserve System; Federal Deposit Insurance Corporation, Comptroller of the Currency.

4. 1981-10-19

   Committee on Banking. Hearings held.

5. 1981-10-20

   Committee on Banking. Hearings held.

6. 1981-10-21

   Committee on Banking. Hearings held.

7. 1981-10-22

   Committee on Banking. Hearings held.

8. 1981-10-27

   Committee on Banking. Hearings held.

9. 1981-10-28

   Committee on Banking. Hearings held.

10. 1981-10-29

    Committee on Banking. Hearings held.

11. 1981-10-30

    Committee on Banking. Hearings held.

12. 1981-11-12

    Committee on Banking received executive comment from Comptroller of the Currency. Favorable.

13. 1981-11-18

    Committee on Banking received executive comment from Federal Deposit Insurance Corporation.