S 3699 · 93th Congress ·

A bill to amend the Federal Reserve Act to modify reserve requirements of member banks of the Federal Reserve System.

Introduced 1974-06-25· Sponsored by Sen. Javits, Jacob K. [R-NY]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1974-06-25)

Plain Language Summary

[AI summary unavailable — showing source text] Modifies reserve requirements of member banks of the Federal Reserve System, such that, in the case of any deposit other than a demand deposit, the minimum reserve ratio shall be not less than 1 percent and not more than 10 percent.…

Summarized by Claude AI · Non-partisan · For informational purposes only