INCREASED FLEXIBILITY FOR THE FEDERAL RESERVE BOARD TO ESTABLISH RESERVE REQUIREMENTS.

SEC. 202. INCREASED FLEXIBILITY FOR THE FEDERAL RESERVE BOARD TO ESTABLISH RESERVE REQUIREMENTS. Section 19(b)(2)(A) of the Federal Reserve Act (12 U.S.C. 461(b)(2)(A)) is amended—(1) in clause (i), by striking “the ratio of 3 per centum” and inserting “a ratio of not greater than 3 percent (and which may be zero)”; and(2) in clause (ii), by striking “and not less than 8 per centum,” and inserting “(and which may be zero),”.