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HR 4511 98th Congress House

A bill to provide for the payment of interest on reserves for depository institutions which make loans in distressed areas.

Introduced: November 18, 1983 See on congress.gov
Finance and Financial Sector Bank reservesBusiness and commerceCommunity developmentFederal Reserve System
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Government Operations and PoliticsGovernment and businessInterestUrban affairs
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) 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
Dec 15, 1983
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Nov 18, 1983
Referred to House Committee on Banking, Finance and Urban Affairs.
Nov 18, 1983
Introduced in House
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 Latest action December 15, 1983

Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

 Plain-English summary Congressional Research Service

Requires the Board of Governors of the Federal Reserve System to pay interest on reserves held by depository institutions which: (1) agree to make loans, in a specified amount, to certain nonprofit neighborhood organizations and to businesses located in qualified census tracts or areas of chronic economic distress; (2) publicly disclose all information relating to the compliance with the provisions of the Community Reinvestment Act of 1977; (3) maintain a rating of one as determined under such Act; and (4) publicly disclose every six months the number, dollar amount, and recipients of loans made pursuant to this Act.

Sets forth procedures to be followed by the Board of Governors before making any payment of interest on reserves.

Declares that no loan made by a depository institution from amounts received as interest under this Act shall count toward satisfying the requirements of the Community Reinvestment Act of 1977.

Prohibits the use of the interest payments received under this Act to increase the capital of any depository institution.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Kaptur, Marcy
Ohio · Nov 18, 1983
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APA
U.S. Congress. (2026). H.R. 4511: A bill to provide for the payment of interest on reserves for depository institutions which make loans in distressed areas.. 98th Congress. Open America. https://openamerica.io/bill/98-HR-4511/
MLA
"H.R. 4511: A bill to provide for the payment of interest on reserves for depository institutions which make loans in distressed areas.." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-HR-4511/.
Bluebook (legal)
H.R. 4511, 98th Cong. (2026), https://openamerica.io/bill/98-HR-4511/.
Markdown link
[H.R. 4511: A bill to provide for the payment of interest on reserves for depository institutions which make loans in distressed areas.](https://openamerica.io/bill/98-HR-4511/)
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