[Federal Register Volume 61, Number 138 (Wednesday, July 17, 1996)]
[Proposed Rules]
[Page 37229]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-18011]
=======================================================================
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
12 CFR Part 205
[Regulation E; Docket No. R-0919]
Electronic Fund Transfers
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Proposed rule; Extension of comment period.
-----------------------------------------------------------------------
SUMMARY: On May 2, 1996, the Board requested comment on a proposal to
amend Regulation E, which implements the Electronic Fund Transfer Act,
to address the use of electronic communication in home-banking services
for providing disclosures and other documentation; error resolution
procedures for new accounts; and the treatment of stored-value cards
(imposing modified Regulation E requirements on stored-value products
in systems that track individual transactions, cards, or consumers;
providing an exemption for cards on which a maximum value of $100 can
be stored; and providing that other stored-value cards are not covered
by Regulation E). In response to requests for an extension of the
comment period, the Secretary of the Board, acting pursuant to
delegated authority, has extended the comment period from August 1,
1996, to September 6, 1996, to give the public additional time to
provide comments.
DATES: Comments must be received on or before September 6, 1996.
ADDRESSES: Comments should refer to Docket No. R-0919 and be mailed to
William W. Wiles, Secretary, Board of Governors of the Federal Reserve
System, Washington, DC 20551. They may also be delivered to the guard
station in the Eccles Building Courtyard on 20th Street, N.W. (between
Constitution Avenue and C Street) between 8:45 a.m. and 5:15 p.m.
weekdays. Except as provided in the Board's rules regarding the
availability of information (12 CFR 261.8), comments will be available
for inspection and copying by members of the public in the Freedom of
Information Office, Room MP-500 of the Martin Building, between 9:00
a.m. and 5:00 p.m. weekdays.
FOR FURTHER INFORMATION CONTACT: Regarding the proposed amendments on
electronic communications, Michael Hentrel, Staff Attorney, and
regarding the other proposed amendments, Jane Jensen Gell, Natalie
Taylor, or Obrea Poindexter, Staff Attorneys, Division of Consumer and
Community Affairs, at (202) 452-3667 or (202) 452-2412. For the hearing
impaired only, Telecommunications Device for the Deaf (TDD), Dorothea
Thompson, at (202) 452-3544.
SUPPLEMENTARY INFORMATION: The Board is extending the comment period on
the proposed amendments to Regulation E (Electronic Fund Transfers)
published on May 2, 1996 at 61 FR 19696 to give the public additional
time to comment on the proposal.
By order of the Secretary of the Board, acting pursuant to
delegated authority for the Board of Governors of the Federal
Reserve System, July 10, 1996.
William W. Wiles,
Secretary of the Board.
[FR Doc. 96-18011 Filed 7-16-96; 8:45 am]
BILLING CODE 6210-01-P
