S 3101 · 93th Congress · Finance and Financial Sector
A bill to prescribe a standard for increasing the money supply.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1974-03-04)
Plain Language Summary
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Directs the Board of Governors of the Federal Reserve System to insure that the rate of increase in the amount of currency in circulation and demand deposits is not less than one-half of 1 percent nor greater than 1 1/4 percent per quarter. Authorizes exceptions to such percentage minimums upon a finding and a report to the Congress by the Board of Governors of the Federal Reserve System that extraordinary economic conditions exist.…
Summarized by Claude AI · Non-partisan · For informational purposes only