Summary: H.R.17658 — 93rd Congress (1973-1974)All Information (Except Text)

There is one summary for H.R.17658. Bill summaries are authored by CRS.

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Introduced in House (12/18/1974)

Credit Allocation Incentive Act - Defines, under the Federal Reserve Act, "National Priority Loans and Investments" to include any loan or investment for: (1) useful capital investments; (2) lower middle-income housing; or (3) small businesses.

Permits the requirement of a supplemental reserve by member banks which will not take outstanding National Priority Loans and Investments into consideration in its computation.