S.Amdt. 4116

SA 4116. Mr. GRASSLEY submitted an amendment intended to be proposed
to amendment SA 3789 proposed by Mr. Brownback (for himself, Mr. Bond,
and Mr. Inhofe) to the amendment SA 3739 proposed by Mr. Reid (for Mr.
Dodd (for himself and Mrs. Lincoln)) to the bill S. 3217, to promote
the financial stability of the United States by improving
accountability and transparency in the financial system, to end ``too
big to fail'', to protect the American taxpayer by ending bailouts, to
protect consumers from abusive financial services practices, and for
other purposes; which was ordered to lie on the table; as follows:

[[Page S3990]]

At the end of the amendment, insert the following:
(g) Federal Reserve Maximum Reserve Ratios.--Effective 90
days after the date of enactment of this Act, the authority
of the Federal Reserve to vary the maximum reserve ratios for
depository institutions shall be--
(1) 0 to 25 (with respect to transaction deposits); and
(2) 0 to 25 (with respect to time) deposits.
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