,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #adf  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #c1 #bjbe,mr4 
,davidson introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,f9ancial    
,s]vices  ,a ,,bill  ,to am5d ! ,f$]al  
,res]ve ,act to prohibit ,f$]al res]ve  
banks f pay+ int]e/ on excess res]ves4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,prohibition on ,,io] ,act ( #bjbe4   
#b4 ,prohibition on paym5t ( e>n+s on   
surplus res]ves ,section #ai7;b77#ab7 ( 
! ,f$]al ,res]ve ,act 7#ab ,u4,s4,c4    
#dfa7;b77#ab77 is am5d$-- 7#a7 9 !      
head+1 by ins]t+ requir$ res]ve be=e    
balances2  7#b7 9 subp>agraph 7,a71 by  
ins]t+ aft] ,balances ! foll[+3 (       
res]ves requir$ to be ma9ta9$ by a      
depository in/itution "u p>agraph 7#b7 t
 are2  7#c7 by r$esignat+ subp>agraph   
7,c7 z subp>agraph 7,d72 &  7#d7 by     
ins]t+ aft] subp>agraph 7,b7 ! foll[+3  
7,c7 ,prohibition on o!r e>n+s ,a ,f$]al
 res]ve bank may n pay e>n+s on balances
 ma9ta9$ at a ,f$]al res]ve bank by or  

on behalf ( a depository in/itution     
except z provid$ "u ?is p>agraph4  4