A bill to amend the Federal Deposit Insurance Act and the Federal Reserve Act to require every bank insured under the Federal Insurance Act to maintain reserves against its deposits in the same manner and to the same extent as are member banks under the Federal Reserve Act, and for other purposes.

[AI summary unavailable — showing source text] Requires every bank insured under the Federal Deposit Insurance Act to maintain reserves against its deposits in the same manner and to the same extent as are comparably located member banks under the Federal Reserve Act. Requires increases in reserves in five years to 85 percent of deposits.…