SEC. 2. ESTIMATE OF THE OVERALL MONEY SUPPLY. 
The Board of Governors of the Federal Reserve Sys-
tem shall devise, calculate and publish a replacement for 
the discontinued M3 monetary statistic, in order to pro-
vide a transparent estimate of the nation’s total money 
supply. 
SEC. 3. STATISTICAL ESTIMATE OF THE DISTRIBUTION OF 
WEALTH IN THE UNITED STATES. 
The Board of Governors of the Federal Reserve Sys-
tem shall tabulate and publish a statistical description of 
the current distribution of wealth in the United States by 
quintile, including a further examination of the uppermost 
1% sections by 0.1% each. 
SEC. 4. CREDIT INSTITUTION SEIGNIORAGE CALCULATION 
FOR REPORT TO CONGRESS. 
The Board of Governors of the Federal Reserve Sys-
tem shall calculate and report to the Congress the total 
annual seigniorage interest income received by financial 
institutions as a result of their being allowed to create 
money in the form of the credit they extend above their 
own cash deposits or reserves prior to extending the loans. 
SEC. 5. CALCULATIONS FOR THE SEMI-ANNUAL HUM-
PHREY-HAWKINS TESTIMONY. 
The Board of Governors of the Federal Reserve Sys-
tem shall calculate and publish semi-annually the loss or 
gain in economic output due to the deviation of the pre-
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vious year’s actual unemployment rate from the 4% level 
required by the Humphrey Hawkins Full Employment and 
Balanced Growth Act of 1978 (15 U.S.C. 3101 et seq.), 
including such loss or gain, in income by quintile. 
SEC. 
6. 
ACCESSIBLE 
STATISTICAL 
COMPARISONS 
OF 
WHERE CREDIT IS BEING DIRECTED . 
(a) IN GENERAL.—The Board of Governors of the 
Federal Reserve System shall tabulate and publish data 
showing the amount of credit and the percentage of credit 
now being created and directed into each of the following: 
(1) Public infrastructure. 
(2) Primary residences. 
(3) Secondary residences. 
(4) Stocks, bonds, commodities. 
(5) Foreign currency and derivatives trading. 
(6) Mergers and acquisitions. 
(7) Education. 
(8) Manufacturing infrastructure. 
(9) Military expenditures. 
(b) ADDITIONAL ANALYSIS.—Each category referred 
to in a paragraph in subsection (a) shall be further ana-
lyzed by type, gender, race, wealth status, and location, 
if applicable. 
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SEC. 7. LAND VALUE CALCULATION FOR THE FLOW OF 
FUNDS REPORT. 
The Board of Governors of the Federal Reserve Sys-
tem shall develop a market-based estimate of the value of 
residential, corporate and publicly owned land and report 
figures. 
SEC. 8. FOREIGN DEBT CALCULATION. 
The Board of Governors of the Federal Reserve Sys-
tem shall make projections, in 10 year increments, of the 
net foreign debt, and estimate and report on the location 
of Federal reserve notes, by country and type of holder; 
including an estimate of lost notes. 
SEC. 9. GAO AUDIT REQUIREMENT. 
Notwithstanding the requirements, limitations, and 
exceptions contained in section 714 of title 31, United 
States Code, the Comptroller General shall conduct a full 
audit of the Federal reserve system in every year before 
a Presidential election year. 
SEC. 10. IMPROVEMENTS TO THE SURVEY OF CONSUMER 
FINANCES. 
The Board of Governors of the Federal Reserve Sys-
tem shall undertake the Survey of Consumer Finances 
every year. 
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SEC. 11. SUMMARIES OF TOTAL CREDIT MARKET DEBT AND 
ECONOMIC GROWTH. 
The Board of Governors of the Federal Reserve Sys-
tem shall publish a summary of total credit market debt, 
quarterly and annually. 
SEC. 12. PUBLIC NOTIFICATION REQUIREMENT. 
The Board of Governors of the Federal Reserve Sys-
tem shall release— 
(1) the statistics required to be compiled by this 
Act at a quarterly news conference; and 
(2) the survey of consumer finances and the 
total credit market debt report at an annual news 
conference. 
Æ 
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