[Federal Register Volume 62, Number 121 (Tuesday, June 24, 1997)]
[Notices]
[Pages 34064-34065]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-16557]
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FEDERAL RESERVE SYSTEM
Consumer Advisory Council; Notice of Meeting
The Consumer Advisory Council will meet on Thursday, July 17. The
meeting, which will be open to public observation, will take place at
the Federal Reserve Board's offices in Washington, D.C., in Terrace
Room E of the Martin Building. The meeting will begin at 9:00 a.m. and
is expected to continue until 4:00 p.m., with a lunch break from 1:00
p.m. until 2:00 p.m. The Martin Building is located on C Street,
Northwest, between 20th and 21st Streets in Washington, D.C.
The Council's function is to advise the Board on the exercise of
the Board's responsibilities under the Consumer Credit Protection Act
and on other matters on which the Board seeks its advice. Time
permitting, the Council will discuss the following topics:
Home Ownership Equity Protection Act. The Consumer Credit Committee
will discuss issues raised at recent public hearings on the adequacy of
Truth in Lending's home equity lending rules. The Board held hearings
in Los Angeles, Atlanta, and Washington, D.C. in June concerning the
home-equity credit market targeted by the Act, in which it sought the
views of creditors, consumer representatives, and other interested
parties.
CRA Implementation and Service Test Issues. The Bank Regulation
Committee will continue its review of large-bank Community Reinvestment
Act examination issues. The focus of the discussion will be on the new
lending and service tests for large banks and any potential impact on
community investments, banking services, and the types of funded
community projects.
Treasury's ``EFT '99''. The Depository and Delivery Systems
Committee will explore issues that may fall under the domain of the
Board's responsibilities as government, industry, and others work to
build an infrastructure to deliver all
[[Page 34065]]
federal payments electronically by January 1, 1999.
Effect of Appraisals on Community Development. The Community
Affairs and Housing Committee will present a report on their review of
the effect of appraisals on community development lending.
Governor's Report. Presentation by Federal Reserve Board Member
Laurence H. Meyer on economic conditions, recent Board initiatives, and
issues of concern, with an opportunity for questions from Council
members.
Committee Reports. Committees will report on their work.
Open Forum-Emerging Issues. Presentation of Council members' views
on emerging issues or trends in consumer financial services that may
have potential impact on the Board's role in providing consumer
protection.
Other matters previously considered by the Council or initiated by
Council members also may be discussed.
Persons wishing to submit to the Council their views regarding any
of the above topics may do so by sending written statements to Deanna
Aday-Keller, Secretary, Consumer Advisory Council, Division of Consumer
and Community Affairs, Board of Governors of the Federal Reserve
System, Washington, D.C. 20551. Information about this meeting may be
obtained from Ms. Aday-Keller, 202-452-6470. Telecommunications Device
for the Deaf (TDD) users may contact Diane Jenkins, 202-452-3544.
Board of Governors of the Federal Reserve System, June 19, 1997.
William W. Wiles,
Secretary of the Board.
[FR Doc. 97-16557 Filed 6-23-97; 8:45am]
BILLING CODE 6210-01-F
