,,ii  #aai? ,,congress  #a/ ,session    
,s4 #afdh  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #g1 #bjbe,mr4     
,scott ( ,florida introduc$ ! foll[+    
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs  ,a ,,bill  ,to limit ! total  
assets ( ,f$]al res]ve banks1 & = o!r   
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,"r-size ! ,f$]al ,res]ve  
,act4  #b4 ,limitation on total assets &
 int]e/ paym5ts  7a7 ,9 g5]al ,! ,f$]al 
,res]ve ,act is am5d$-- 7#a7 9 section  
#b;,b 7#ab ,u4,s4,c4 #bbe;b71 by add+ at
 ! end ! foll[+3  7d7 ,additional annual
 report ,! ,bo>d & ea* ,f$]al res]ve    
bank %all submit to ,congress1 on an    
annual basis1 a report on h[ _m         
=eign-own$ banks & f9ancial in/itutions 
! ,bo>d or ! ,f$]al res]ve banks h paid 
on int]e/ = res]ves or 9 ! l5d+         
facilities ( ! ,bo>d4  2  7#b7 9 section
 #ai7;b7 7#ab ,u4,s4,c4 #dfa7;b77-- 7,a7
 9 p>agraph 7#b77;,a71 by /rik+ solely =
 ! purpose & all t foll[s ?r\gh ! p]iod 

at ! end & ins]t+ 1 :i* %all be n l[]   
?an ! res]ve requirem5ts 9 effect on    
,m>* #be1 #bjbj42 &  7,b7 9 p>agraph    
7#ab77;,a71 by ins]t+ t are n 9 excess (
 ! res]ves requir$ to be ma9ta9$ "u ?is 
subsection aft] in/itution2 &  7#c7 by  
add+ at ! end ! foll[+3  #cc4           
,limitation on total assets  7a7 ,9     
g5]al ,! total aggregate assets ( all   
,f$]al res]ve banks %all be 9 an am\nt t
 is n m ?an #aj p]c5t ( ! gross dome/ic 
product ( ! ,unit$ ,/ates4  7b7         
,effective date ,subsection 7a7 %all    
take effect on ! date t is #aj ye>s aft]
 ! date ( enactm5t ( ?is section4  4    
7b7 ,elim9ation ( facility ,! ,bo>d (   
,gov]nors ( ! ,f$]al ,res]ve ,sy/em--   
7#a7 %all1 n lat] ?an #a ye> aft] ! date
 ( enactm5t ( ?is ,act1 elim9ate !      
,ov]night ,res]ve ,repur*ase ,facility2 
&  7#b7 may n create ano!r facility     
simil> to ! facility elim9at$ "u        
p>agraph 7#a74  7c7 ,report ,n lat] ?an 
#a ye> aft] ! date ( enactm5t ( ?is     
,act1 & e ye> !reaft]1 ! ,bo>d (        

,gov]nors ( ! ,f$]al ,res]ve ,sy/em %all
 submit to ,congress a report on ! plan 
& timel9e ( ! ,bo>d = meet+ !           
requirem5ts "u ?is section & ! am5dm5ts 
made by ?is section4