Considers. S. 1308, to revise procedures for destruction of unfit Federal Reserve notes. S. 1309, to authorize checks to be drawn in favor of banking organizations for the credit of a person's account, under certain conditions. S. 1556, to authorize the Federal Reserve Board to delegate certain of its functions. S. 1557, to amend the Federal Reserve Act to enable Federal Reserve banks to invest in certain obligations of foreign governments. S. 1558, to amend the Federal Reserve Act relating to loans by Federal Reserve System member banks to their own officers. S. 1559, to amend the Federal Reserve Act in order to enable the Federal Reserve banks to extend credit to member banks and others in accordance with current economic conditions.

Considers legislation to revise limitations on real estate loans made by national banks; to authorize banks to form bank service corporations to perform automated clerical, accounting, statistical and other similar bank services; to transfer from Federal Reserve Board to Comptroller of the Currency authority over trust powers of national banks; and to permit the national bank resulting from a conversion from a state bank to retain its branches.

Considers. S. 714, to authorize education and home mortgage loans to executive officers of Federal Reserve member banks and Federal credit unions. S. 966, to authorize an extension of credit to the commercial banks from the Federal Reserve banks on their promissory notes secured by Government obligations called eligible papers. S. 965, to authorize Federal Reserve banks to buy and sell short term foreign government securities that are payable in convertible currencies to safeguard the international dollar.