[Federal Register Volume 61, Number 11 (Wednesday, January 17, 1996)]
[Notices]
[Pages 1203-1204]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-451]



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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Notice of Charter Filing and Open Meeting of the Community 
Development Advisory Board

AGENCY: Community Development Financial Institutions Fund, Department 
of the Treasury.

ACTION: Notice of charter filing and open meeting.

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SUMMARY: This notice announces the filing of the charter for the 
Community Development Advisory Board (the ``Advisory Board''), which 
will provide advice to the Director of the Community Development 
Financial Institutions Fund (the ``Fund''). This Notice also announces 
the first meeting of the Advisory Board.

DATES: The initial meeting of the Community Development Advisory Board 
will be on Friday, February 2, 1996 at 9:30 a.m.

FOR FURTHER INFORMATION CONTACT: The Community Development Financial 
Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania 
Avenue, NW, Room 5116, Washington, DC 20220, (202) 622-8662 (this is 
not a toll free number).

SUPPLEMENTARY INFORMATION: Section 104(d) of the Community Development 
Banking and Financial Institutions Act of 1994 (12 U.S.C. 4703(d)) 
established the Community Development Advisory Board. The charter for 
the Advisory Board has been filed in accordance with the Federal 
Advisory Committee Act, as amended, (5 U.S.C. App.), and with the 
approval of the Secretary of the Treasury.
    The function of the Advisory Board is to advise the Director of the 
Fund (who has been delegated the authority to administer the Fund) on 
the policies regarding the activities of the Fund. The Fund is a wholly 
owned corporation within the Department of the Treasury. The Advisory 
Board shall not advise the Fund on the granting or denial of any 
particular application. The Advisory Board shall meet at least 
annually.
    The Advisory Board consists of 15 members. Six are ex officio 
members from the Departments of Agriculture, Commerce, Housing and 
Urban Development, Interior and Treasury and the Small Business 
Administration. The remaining nine members are private citizens 
appointed by the President, who were selected, to the maximum extent 
practicable, to provide for national geographic representation and 
racial, ethnic and gender diversity. These nine members consist of two 
individuals who are officers of existing community development 
financial institutions; two individuals who are officers of insured 
depository institutions; two individuals who are officers of national 
consumer or public interest organizations; two individuals who have 
expertise in community development; and one individual who has personal 
experience and specialized expertise in the unique lending and 
community development issues confronted by Indian tribes on Indian 
Reservations.
    It has been determined that this document is not a major rule as 
defined in Executive Order 12291 and that a regulatory impact analysis 
therefore is not required. In addition, this document does not 
constitute a rule subject to the Regulatory Flexibility Act (5 U.S.C. 
Chapter 6).
    The initial members of the Community Development Advisory Board 
are:
    (1) the Secretary of Agriculture or his or her designee;
    (2) the Secretary of Commerce or his or her designee;
    (3) the Secretary of Housing and Urban Development or his or her 
designee;
    (4) the Secretary of the Interior or his or her designee;
    (5) the Secretary of the Treasury or his or her designee;
    (6) the Administrator of the Small Business Administration or his 
or her designee:
    (7) Connie E. Evans, President, Women's Self-Employment Project, 
Chicago, Illinois;
    (8) vacant;
    (9) George P. Surgeon, President, Chairman and CEO, Elk Horn Bank 
and Trust, Arkadelphia, Arkansas;
    (10) Carol J. Parry, Managing Director, Chemical Bank, New York, 
New York;
    (11) John E. Taylor, President and Chief Executive Officer, 
National Community Reinvestment Coalition, Washington, DC;
    (12) Clara G. Miller, Chair of the Board, National Association of 
Community Development Loan Funds, Philadelphia, Pennsylvania;
    (13) Frank T. Ballesteros, Executive Director, PPEP Microbusiness 
and Housing and Development Corporation, Tucson, Arizona;
    (14) John A. Litzenberg, Program Officer, Charles Stewart Mott 
Foundation, Flint, Michigan; and
    (15) Jacqueline L. Johnson, Executive Director, Tlingit-Haida 
Regional Housing Authority, Juneau, Alaska.
    The first meeting of the Advisory Board, which will be open to the 
public, will be held at the Office of Thrift Savings Auditorium, 1700 G 
Street NW, Washington, DC on Friday, February 2, 1996 at 9:30 a.m. The 
room will accommodate 75 persons. Seats are available on a first-come, 
first-served basis. Participation in the discussions at the meeting 
will be limited to Advisory Board members and Department of the 
Treasury staff. Anyone who would like to have the Advisory Board 
consider a written statement must submit it to the Fund, at the address 
of the Fund specified above in the For Further Information Contact 
section, by 4:00 p.m. on Wednesday, January 31, 1996.
    At the meeting the members of the Advisory Board will discuss and 

[[Page 1204]]
    provide comments on the interim regulations for the Community 
Development Financial Institutions Program and the Bank Enterprise 
Award Program and provide general advice on the implementation of the 
programs. Members of the Advisory Board will also discuss how the 
Fund's programs and policies can address some of the challenges faced 
by community development financial institution practitioners, banks and 
thrifts engaged in community development lending and investment 
activities.

    Authority: 12 U.S.C. 4703; Chapter X, Pub. L. 104-19, 109 Stat. 
237.

    Dated: January 11, 1996.
Kirsten S. Moy,
Director, Community Development Financial Institutions Fund.
[FR Doc. 96-451 Filed 1-16-96; 8:45 am]
BILLING CODE 4810-70-U