Volume 80
Public Law 89–484
To amend section 14(b) of the Federal Reserve Act, as amended, to extend for two years the authority of Federal Reserve banks to purchase United States obligations directly from the Treasury.
Approved June 30, 1966
Statutory text
AN ACT
To amend section 14(b) of the Federal Reserve Act, as amended, to extend for two years the authority of Federal Reserve banks to purchase United States obligations directly from the Treasury.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That section 14(b)
Federal Reserve Act, amendment.
of the Federal Reserve Act, as amended (12 U.S.C. 355), is amended by striking out “July 1, 1966” and inserting in lieu thereof “July 1, 1968” and by striking out “June 30, 1966” and inserting in lieu thereof “June 30, 1968”.
Approved June 30, 1966.