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HR 4209 106th Congress House

Bank Reserves Modernization Act of 2000

Official title: To amend the Federal Reserve Act to require the payment of interest on reserves maintained at Federal reserve banks by insured depository institutions, and for other purposes.

Introduced: June 6, 2000 See on congress.gov
Finance and Financial Sector Administrative procedureBank reservesFederal Reserve SystemGovernment Operations and Politics
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 17, 2000
Placed on the Union Calendar, Calendar No. 580.
Oct 17, 2000
Reported (Amended) by the Committee on Banking and Financial Services. H. Rept. 106-983.
May 17, 2000
Ordered to be Reported (Amended) by Voice Vote.
May 17, 2000
Committee Consideration and Mark-up Session Held.
May 3, 2000
Committee Hearings Held.
Apr 6, 2000
Referred to the House Committee on Banking and Financial Services.
Apr 6, 2000
Introduced in House
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 Latest action October 17, 2000

Placed on the Union Calendar, Calendar No. 580.

 Plain-English summary Congressional Research Service
Bank Reserves Modernization Act of 2000 - Amends the Federal Reserve Act to declare that depository institution balances maintained at a Federal reserve bank may receive earnings to be paid by the Federal reserve bank at least once each calendar quarter.

Authorizes the Board of Governors of the Federal Reserve System to prescribe implementing regulations.

 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Smith, Christopher H.
New Jersey · Jun 6, 2000
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4209: Bank Reserves Modernization Act of 2000. 106th Congress. Open America. https://openamerica.io/bill/106-HR-4209/
MLA
"H.R. 4209: Bank Reserves Modernization Act of 2000." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-4209/.
Bluebook (legal)
H.R. 4209, 106th Cong. (2026), https://openamerica.io/bill/106-HR-4209/.
Markdown link
[H.R. 4209: Bank Reserves Modernization Act of 2000](https://openamerica.io/bill/106-HR-4209/)
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