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- H.R.5027
H.R.5027: To amend the Federal Reserve Act to adjust the circumstances under which Federal reserve bank stock is callable, and for other purposes.
About This Bill
- Introduced April 21, 2016
- Latest Major Action April 21, 2016
Bill Sponsor
Bill Summary
This bill amends the Federal Reserve Act to revise the formula for subscription of national banking associations to the stock of their regional Federal Reserve Bank. Instead of one-sixth of an association's subscription to be payable on call by the Board of Governors of the Federal Reserve System, a member bank shall pay one-twelfth of its subscription when the Federal Reserve Board directs, and the remainder subject to the call of the Board....
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| April 21, 2016 |
Referred to the House Committee on Financial Services.
|
| April 21, 2016 |
Introduced in the House by Randy Neugebauer (R-Texas) |