[Federal Register Volume 60, Number 201 (Wednesday, October 18, 1995)]
[Notices]
[Page 53922]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-25777]



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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, November 2, 
1995. The meeting, held pursuant to 15 USC 1691(b) and 12 CFR 267.5, 
will take place in Terrace Room E of the Martin Building. The meeting, 
which will be open to public observation, 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 2:00 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:
    Community Reinvestment Act Reform. Discussion led by the Bank 
Regulation Committee on issues related to agency examinations of 
institutions' compliance with the new regulations under the Community 
Reinvestment Act.
    Consumer Leasing Disclosures. Discussion led by the Consumer Credit 
Committee on
    (1) proposed amendments to the Board's Regulation M (Consumer 
Leasing) and
    (2) suggestions for actions that could further assist consumers in 
understanding lease transactions and effectively using lease 
disclosures as shopping tools.
    Truth in Lending Act Amendments of 1995. Discussion led by the 
Consumer Credit Committee
    (1) on recent amendments to the Truth in Lending Act, focusing on 
whether it is feasible to disclose in the TILA finance charge all 
charges imposed by creditors as an incident to an extension of credit, 
including charges currently excluded; and
    (2) on whether creditors engage in abusive refinancing practices to 
avoid the consumer's right of rescission.
    Regulatory Coverage for Stored-Value Cards. Discussion led by the 
Depository and Delivery Systems Committee on whether and how the Board 
should amend Regulation E (Electronic Fund Transfers) to govern 
technologically advanced electronic products, such as smart cards, 
prepaid cards, and electronic purses.
    Impact of Technology on Consumer Banking. Presentation by the 
Depository and Delivery Systems Committee on electronic technologies 
being introduced in the banking area and possible changes in the ways 
in which consumers will conduct their banking business as a result.
    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.
    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, D.C. 20551. Comments must be received no later than 
close of business Wednesday, October 25, 1995, and must be of a quality 
suitable for reproduction.
    Information with regard to this meeting may be obtained from Ann 
Marie Bray, 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, October 12, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-25777 Filed 10-17-95; 8:45am]
BILLING CODE 6210-01-F