Summary: H.R.1094 — 106th Congress (1999-2000)All Information (Except Text)

Bill summaries are authored by CRS.

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Passed House amended (08/02/1999)

Amends the Federal Reserve Act to include among the types of collateral security which may be required (to back currency) in a Federal Reserve bank application for Federal Reserve notes any acceptances acquired (discount window loans extended) with respect to: (1) emergency advances to groups of or individual member banks; and (2) discounts of agricultural paper.