There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (04/18/1996)

Federal Reserve Surplus Act of 1996 - Amends the Federal Reserve Act to direct the Board of Governors of the Federal Reserve System to transfer annually to the Financing Corporation specified amounts from surplus funds of the Federal reserve banks in order to cover the interest on obligations issued by the Financing Corporation.