S 3467 · 94th Congress · Finance and Financial Sector

A bill to include unpledged deposits in the Bank of North Dakota, maintained by any financial institution which is a member of a Federal Home Loan Bank, or is an insured institution as defined in section 401 (a) of the National Housing Act, as assets for purposes of meeting the liquidity requirements under section 5A(b) of the Federal Home Loan Bank Act (12 U.S.C. 1425a(b).

Introduced 1976-05-20· Sponsored by Sen. Burdick, Quentin N. [D-ND]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1976-05-20)

Plain Language Summary

[AI summary unavailable — showing source text] Includes unpledged deposits in the Bank of North Dakota, maintained by any financial institution which is a member of a Federal home loan bank, or is an insured institution as defined in the National Housing Act, as assets for purposes of meeting the liquidity requirements under the Federal Home Loan Bank Act.…

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