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S. 2113IntroducedSenate · nowHousePresidentLawIn committee
Sec. 2 · S. 2113

Prohibition on earnings

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Section 19(b) of the Federal Reserve Act (12 U.S.C. 461(b)) is amended by striking paragraph (12) and inserting the following: (12) Earnings on balances No Federal Reserve bank may pay earnings on balances maintained at a Federal Reserve bank by or on behalf of a depository institution..

Sec. 2: Prohibition on earnings · Public Law Tracker