96-14052. Consumer Advisory Council; Notice of Meeting of Consumer Advisory Council

[Federal Register Volume 61, Number 109 (Wednesday, June 5, 1996)]
[Notices]
[Page 28587]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-14052]



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FEDERAL RESERVE SYSTEM

Consumer Advisory Council; Notice of Meeting of Consumer Advisory 
Council

    The Consumer Advisory Council will meet on Thursday, June 27. The 
meeting, which will be open to public observation, will take place in 
Terrace Room E of the Martin Building. The meeting is expected to begin 
at 9:00 a.m. and to continue until 4:00 p.m., with a lunch break from 
1:00 p.m. until 2:30 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 Equity Lines of Credit. Discussion led by the Consumer Credit 
Committee on the Board's upcoming report to Congress on whether the 
Truth in Lending Act cost disclosure and other rules for home equity 
lines of credit provide adequate consumer protections. The Board's 
report may include suggestions for legislative revisions.
    Community Reinvestment Act Reform. Discussion led by the Bank 
Regulation Committee on the results of the small bank examinations 
conducted since the implementation of revised CRA regulations.
    Interim Report on Streamlining Mortgage Loan Closing Process. 
Discussion led by the Community Affairs and Housing Committee on its 
efforts, jointly with the Consumer Credit Committee, to identify and 
recommend areas to streamline the mortgage closing paperwork process.
    Regulatory Coverage for Stored-Value Cards and Electronic Banking. 
Discussion led by the Depository and Delivery Systems Committee on the 
proposal by the Federal Reserve Board to exempt many types of stored-
value cards from consumer protections included in Regulation E.
    Governor's Report. Report by Federal Reserve Board Member Lawrence 
B. Lindsey on economic conditions, recent Board initiatives, and issues 
of concern, with an opportunity for questions from Council members.
    Members Forum. Presentation of individual Council members' views on 
the economic conditions present within their industries or local 
economies.
    Committee Reports. Reports from Council committees on their work 
for 1996.
    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. Comments must be of a quality suitable 
for reproduction.
    Information with regard to this meeting may be obtained from Ms. 
Aday-Keller, 202-452-6470. Telecommunications Device for the Deaf (TDD) 
users may contact Dorothea Thompson, 202-452-3544.
    Board of Governors of the Federal Reserve System, May 30, 1996.

William W. Wiles,
Secretary of the Board
[FR Doc. 96-14052 Filed 6-4-96; 8:45 am]
BILLING CODE 6210-01-F