Amendment102nd Congress
An amendment that would create a "Core Banking" system, in which banks or thrifts receiving federal deposit insurance would be subject to limitations on the interest rates they could pay depositors and on the amount they could lend to any single borrower. Certain federally insured banks or thrifts could pay higher interest rates than marginally-capitalized institutions, with the interest caps for both tied to specified market rates.
- Amendment Number
- 375
- Description
- An amendment that would create a "Core Banking" system, in which banks or thrifts receiving federal deposit insurance would be subject to limitations on the interest rates they could pay depositors and on the amount they could lend to any single borrower. Certain federally insured banks or thrifts could pay higher interest rates than marginally-capitalized institutions, with the interest caps for both tied to specified market rates.
- Purpose
- Amendment sought to create a "Core Banking" system, in which banks or thrifts receiving federal deposit insurance would be subject to limitations on the interest rates they could pay depositors and on the amount they could lend to any single borrower.
- Congress
- 102
- Type
- HAMDT
- Latest Action Date
- Oct 31, 1991
- Latest Action Text
- On agreeing to the Schumer amendment (A002) Failed by recorded vote: 106 - 312 (Roll no. 361).
- Latest Action Time
- 15:40:43
- Submitted Date
- Oct 31, 1991
- Chamber
- House of Representatives
- Update Date
- Jun 7, 2021