Business Checking Modernization Act: Report (to Accompany H.R. 4067) (including Cost Estimate of the Congressional Budget Office). |
From inside the book
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Page 4
... ratios for reserves that depository in- stitutions are required to maintain at the Federal Reserve Banks granting the Federal Reserve Board greater flexibility in setting re- serve requirements . COMMITTEE CONSIDERATION AND VOTES ( Rule ...
... ratios for reserves that depository in- stitutions are required to maintain at the Federal Reserve Banks granting the Federal Reserve Board greater flexibility in setting re- serve requirements . COMMITTEE CONSIDERATION AND VOTES ( Rule ...
Page 5
... Reserve allows ) into a demand deposit , and it would be subject to reserve requirements . The bill would also provide the Federal Reserve with more flexibility in setting required reserve ratios on transactions accounts by removing the ...
... Reserve allows ) into a demand deposit , and it would be subject to reserve requirements . The bill would also provide the Federal Reserve with more flexibility in setting required reserve ratios on transactions accounts by removing the ...
Page 6
... Reserve Act , the Home Owners ' Loan Act , and the Federal Deposit Insurance Act to permit banks and thrifts to ... ratios of 3 % against the first $ 25 million in trans- actions accounts held at a depository institution and 8 % against the ...
... Reserve Act , the Home Owners ' Loan Act , and the Federal Deposit Insurance Act to permit banks and thrifts to ... ratios of 3 % against the first $ 25 million in trans- actions accounts held at a depository institution and 8 % against the ...
Page 7
... Reserve with additional flexibility in setting required reserve ratios . The Federal Reserve is not cur- rently limited by one of the two ranges affected , and its staff have indicated no policy change would be likely to occur economic ...
... Reserve with additional flexibility in setting required reserve ratios . The Federal Reserve is not cur- rently limited by one of the two ranges affected , and its staff have indicated no policy change would be likely to occur economic ...
Common terms and phrases
24 transfers account as defined account offered pursuant association may permit bank may permit Board of Governors CBO estimates centum certificate of deposit charitable organizations 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 flexibility in setting greater number Home Owners institutions paying interest interest on business interest on demand interest or dividends interest with respect legislation member bank ment order under section payment of interest permissible for member permit the owner prevent an account prohibition on depository repeal reserve ratios reserve requirements rule or order savings bank savings deposit section 19(i subject to reserve subsection sweep accounts System may determine take effect transfers per month TRANSFERS.-Notwithstanding