A bill to extend the authority for the flexible regulation of interest rates on deposits and accounts in depository institutions.

[AI summary unavailable — showing source text] Title I: Extends for three months, the authorization of more flexible regulation of maximum interest rates on deposits and accounts in depository institutions and of open market operations in agency issues by Federal Reserve banks. Title II: Exempts depository institutions situated in New York, New Jersey, and Pennsylvania from the prohibition against offering interest or dividend-paying accounts, from which the owner may make withdrawals by negotiable or transferable instruments for the purpose of making transfers to third parties. Title III: Amends the Federal Reserve Act to extend the period during which any direct obligation of the United States or any obligation fully guaranteed by the United States may be brought and sold without regard to maturities either on the open market or directly from the United States. Delays the period when such obligations will only be able to be brought or sold on the open market. Title IV: Amends the Federal Credit Union Act to remove specified requirements which must be met by State credit unions as a condition for insurance of members accounts. Empowers a Federal credit union to make loans and extend credit to members, other credit unions or fi…