#aac? ,,congress  #b;d ,session  ,h4 ,r4
 #cbdj  ,,an ,,act  ,to in/ruct !       
,comptroll] ,g5]al ( ! ,unit$ ,/ates to 
/udy ! impact ( ,regulation ,d1 & = o!r 
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,regulation ,d ,/udy ,act4 
#b4 ,gov]nm5t ,acc\ntability ,(fice /udy
  7a7 ,/udy ,! ,comptroll] ,g5]al ( !   
,unit$ ,/ates %all conduct a            
compreh5sive /udy on ! impact on        
depository in/itutions1 consum]s1 &     
monet>y policy ( ! requirem5t t         
depository in/itutions ma9ta9 res]ves 9 
accordance ) subsections 7b7 & 7c7 (    
section #ai ( ! ,f$]al ,res]ve ,act 7#ab
 ,u4,s4,c4 #dfa7 & ,regulation ,d 7#ab  
,,cfr #bjd74  7b7 ,matt]s ,to be /udi$  
,9 conduct+ ! /udy "u ?is section1 !    
,comptroll] ,g5]al %all include !       
foll[+3  7#a7 ,an hi/oric review ( h[ ! 
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em has us$ res]ve requirem5ts to    
conduct ,unit$ ,/ates monet>y policy1   
includ+ in=mation on h[ & :5 ! ,bo>d (  
,gov]nors has *ang$ ! requir$ res]ve    

ratio4  7#b7 ,! impact ( ! ma9t5ance (  
res]ves on depository in/itutions1      
includ+ ! op]ational requirem5ts &      
associat$ co/s4  7#c7 ,! impact on      
consum]s 9 manag+ _! acc\nts1 includ+ ! 
co/s & b5efits ( ! res]v+ sy/em4  7#d7  
,alt]natives ! ,bo>d ( ,gov]nors may h  
to ! ma9t5ance ( res]ves to effect      
monet>y policy4  7c7 ,consultation ,9   
conduct+ ! /udy "u ?is section1 !       
,comptroll] ,g5]al %all consult ) cr$it 
unions & community banks4  7d7 ,report  
,n lat] ?an #a ye> aft] ! date ( !      
enactm5t ( ?is ,act1 ! ,comptroll]      
,g5]al %all submit to ,congress a report
 conta9+--  7#a7 ! results ( ! /udy     
conduct$ pursuant to ?is section2 &     
7#b7 any recomm5dations bas$ on su*     
/udy4  ,pass$ ! ,h\se ( ,repres5tatives 
,decemb] #b1 #bjad4;,cl]k4