,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #ceej  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #bj1 #bjbj,mr4    
,m55dez introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,f$]al ,res]ve ,act  
to p]mit to ! ,bo>d ( ,gov]nors ( !     
,f$]al ,res]ve ,sy/em to engage 9 c]ta9 
op5 m>ket op]ations dur+ unusual &      
exig5t circum/ances4  #a4 ,%ort title   
,?is ,act may be cit$ z ! ,municipal    
,bonds ,em]g5cy ,relief ,act4  #b4 ,op5 
m>ket op]ations ,section #ad7;b7 ( !    
,f$]al ,res]ve ,act 7#ab ,u4,s4,c4 #cee7
 is am5d$ by add+ at ! end ! foll[+3    
7#c7 ,9 unusual & exig5t circum/ances1 !
 ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve   
,sy/em1 by ! affirmative vote ( n few]  
?an #e memb]s1 may au?orize any ,f$]al  
res]ve bank1 dur+ su* p]iods z ! ,bo>d  
may det]m9e1 to buy & sell1 at home or  
abroad1 bills1 notes1 rev5ue bonds1 &   
w>rants ( any maturity1 by any ,/ate1   
c\nty1 di/rict1 political subdivision1  

in/rum5tality ( a political subdivision1
 t]ritory1 possession1 or municipality 9
 ! ,unit$ ,/ates1 includ+ irrigation1   
dra9age & reclamation di/ricts4 ,all su*
 actions %all be subject to su*         
limitations1 re/rictions1 & regulations 
z ! ,bo>d may prescribe4  4