[Federal Register Volume 59, Number 40 (Tuesday, March 1, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-4540]


[[Page Unknown]]

[Federal Register: March 1, 1994]


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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, March 24, 
1994. 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 a.m. and to continue until 5 p.m., with a lunch break 
from 1 until 2 p.m. The Martin Building is located on C Street, 
Northwest, between 20th and 21st Streets in Washington, DC.
    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:
    Community Reinvestment Act Reform. Discussion led by the Bank 
Regulation Committee on the key elements of the interagency proposal to 
revise CRA rules, revisions designed to provide clearer guidance to 
financial institutions and set new standards on how CRA performance 
will be evaluated.
    Truth in Savings Proposal Regarding APY Calculations. Discussion 
led by the Depository and Delivery Systems Committee on the merits of 
requiring depository institutions to use a new formula to calculate the 
annual percentage yield for certain accounts.
    Members Forum. Presentation of individual Council members' views on 
the economic conditions present within their industries or local 
economies (including whether it is getting easier to obtain a loan, and 
whether there is a strong focus on lending in the inner cities).
    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.
    Consumer Credit Counseling Study. A statistical presentation by a 
Council member on nonprofit consumer credit counseling services 
affiliated with the National Foundation for Consumer Credit.
    Committee Reports. Reports from Council committees on their work 
and plans for 1994.
    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 Ann 
Marie Bray, Secretary, Consumer Advisory Council, Division of Consumer 
and Community Affairs, Board of Governors of the Federal Reserve 
System, Washington, DC 20551. Comments must be received no later than 
close of business Monday, March 21, and must be of a quality suitable 
for reproduction.
    Information with regard to this meeting may be obtained from 
Bedelia Calhoun, Staff Specialist, Consumer Advisory Council, Division 
of Consumer and Community Affairs, Board of Governors of the Federal 
Reserve System, Washington, DC 20551, 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, February 22, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-4540 Filed 2-28-94; 8:45 am]
BILLING CODE 6210-01-F