[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]


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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.

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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