Business Checking Modernization Act: report (to accompany H.R. 4067) (including cost estimate of the Congressional Budget Office).
U.S. G.P.O., 2000 - Business & Economics - 13 pages
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24 transfers account as deﬁned account offered pursuant association may permit bank may permit Board of Governors CBO estimates centum charitable organizations checking accounts Checking Modernization Act Committee considered a transaction construed to prevent date of enactment deﬁned in section demand deposit account Deposit Insurance Act deposit of public deposit or share depository institutions paying determine by rule dividends are paid existing law Federal Deposit Insurance Federal Reserve Act Federal Reserve Board Federal Reserve System Federal savings association ﬁnancial ﬂexibility in setting greater ﬂexibility greater number Home Owners interest on demand interest or dividends interest with respect member bank ment order under section payment of interest permissible for member permit the owner prevent an account prohibition on depository purpose repeal reserve ratios reserve requirements rule or order savings bank savings deposit section 19 section l9(i signiﬁcant subject to reserve subsection sweep accounts System may determine take effect transfers per month UNFUNDED MANDATES