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HR 3261 104th Congress House

Federal Reserve Surplus Act of 1996

Official title: To provide for annual payments from the surplus funds of the Federal Reserve System to cover the interest on obligations issued by the Financing Corporation.

Introduced: April 17, 1996 See on congress.gov
Finance and Financial Sector Bank reservesCommerceEconomics and Public FinanceFederal Reserve System
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Financing CorporationGovernment Operations and PoliticsGovernment corporationsGovernment securitiesInterestSavings and loan associations
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 3, 1996
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Apr 17, 1996
Referred to the House Committee on Banking and Financial Services. subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 17, 1996
Introduced in House
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 Latest action May 3, 1996

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Plain-English summary Congressional Research Service

Federal Reserve Surplus Act of 1996 - Amends the Federal Reserve Act to direct the Board of Governors of the Federal Reserve System to transfer annually to the Financing Corporation specified amounts from surplus funds of the Federal reserve banks in order to cover the interest on obligations issued by the Financing Corporation.

 Related & companion bills 1
  • S 1687 Identical bill Federal Reserve Surplus Act of 1996
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Neal, Richard E.
Massachusetts · Apr 17, 1996
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3261: Federal Reserve Surplus Act of 1996. 104th Congress. Open America. https://openamerica.io/bill/104-HR-3261/
MLA
"H.R. 3261: Federal Reserve Surplus Act of 1996." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-3261/.
Bluebook (legal)
H.R. 3261, 104th Cong. (2026), https://openamerica.io/bill/104-HR-3261/.
Markdown link
[H.R. 3261: Federal Reserve Surplus Act of 1996](https://openamerica.io/bill/104-HR-3261/)
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