To amend the Federal Reserve Act to broaden the range of discount window loans which may be used as collateral for Federal reserve notes.

[AI summary unavailable — showing source text] Amends the Federal Reserve Act to include among the types of collateral security which may be required (to back currency) in a Federal Reserve bank application for Federal Reserve notes any acceptances acquired (discount window loans extended) with respect to: (1) emergency advances to groups of or individual member banks; and (2) discounts of agricultural paper.…