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H.R.4070 — 93rd Congress (1973-1974) [93rd]
Sponsor:
Rep. St Germain, Fernand J. [D-RI-1] (Introduced 02/07/1973)

Summary:
Summary: H.R.4070 — 93rd Congress (1973-1974)

There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/07/1973)

Extends until 1975 the authority of the Secretary of the Treasury, the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, and the Federal Home Loan Bank to regulate the interest rates on deposits and share accounts in financial institutions. (Amends 12 U.S.C. 461nt.)

Prohibits depository institutions from permitting negotiable orders of withdrawal to be made with respect to any deposit or account on which interest or dividends are paid.

Extends the authority of the Federal Deposit Insurance Corporation to include interest and dividends paid on deposits by noninsured banks. (Amends 12 U.S.C. 1828(g))


Major Actions:
Summary: H.R.4070 — 93rd Congress (1973-1974)

There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/07/1973)

Extends until 1975 the authority of the Secretary of the Treasury, the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, and the Federal Home Loan Bank to regulate the interest rates on deposits and share accounts in financial institutions. (Amends 12 U.S.C. 461nt.)

Prohibits depository institutions from permitting negotiable orders of withdrawal to be made with respect to any deposit or account on which interest or dividends are paid.

Extends the authority of the Federal Deposit Insurance Corporation to include interest and dividends paid on deposits by noninsured banks. (Amends 12 U.S.C. 1828(g))


Amendments:
Summary: H.R.4070 — 93rd Congress (1973-1974)

There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/07/1973)

Extends until 1975 the authority of the Secretary of the Treasury, the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, and the Federal Home Loan Bank to regulate the interest rates on deposits and share accounts in financial institutions. (Amends 12 U.S.C. 461nt.)

Prohibits depository institutions from permitting negotiable orders of withdrawal to be made with respect to any deposit or account on which interest or dividends are paid.

Extends the authority of the Federal Deposit Insurance Corporation to include interest and dividends paid on deposits by noninsured banks. (Amends 12 U.S.C. 1828(g))


Cosponsors:
Summary: H.R.4070 — 93rd Congress (1973-1974)

There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/07/1973)

Extends until 1975 the authority of the Secretary of the Treasury, the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, and the Federal Home Loan Bank to regulate the interest rates on deposits and share accounts in financial institutions. (Amends 12 U.S.C. 461nt.)

Prohibits depository institutions from permitting negotiable orders of withdrawal to be made with respect to any deposit or account on which interest or dividends are paid.

Extends the authority of the Federal Deposit Insurance Corporation to include interest and dividends paid on deposits by noninsured banks. (Amends 12 U.S.C. 1828(g))


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