A bill to amend the Federal Reserve Act, the Federal Deposit Insurance Act, and the Federal Home Loan Bank Act, to require depository institutions to notify owners of time certificates of deposit which are automatically renewable of that fact.

[AI summary unavailable — showing source text] Requires depository institutions to notify owners of time certificates of deposit, which are automatically renewable, of the date at which such renewal occurs during the period beginning ninety days before such date and ending thirty days before such date and to promptly notify such owners of any changes in the rates of interest or dividends payable on such deposits.…