[Federal Register Volume 61, Number 192 (Wednesday, October 2, 1996)]
[Notices]
[Pages 51456-51457]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-25184]


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FEDERAL RESERVE SYSTEM

Notice of Meeting of Consumer Advisory Council

    The Consumer Advisory Council will meet on Thursday, October 24, 
1996. 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 9:00 am and to continue until 4:00 pm, with a lunch break 
from 1:00 pm until 2:00 pm. 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:
    Report on the Home Mortgage Loan Closing Paperwork. The Council's 
Community Affairs and Housing Committee and Consumer Credit Committee 
will report on their review and assessment of the home mortgage loan 
closing paperwork process.
    CRA Implementation - Large Bank Examination Issues. The Bank 
Regulation Committee will discuss large-bank examination issues--the 
lending, investment, and service tests; data collection; and strategic 
plans--and the ratings system under the Community Reinvestment Act.
    Revisions to the Bank Holding Company Act--Streamlining the 
Application and Notice Process for Regulation Y. The Bank Regulation 
Committee will discuss the Board's proposed revisions to Regulation Y 
(Bank Holding Companies), which are intended to improve competitiveness 
of bank holding companies by eliminating unnecessary regulatory burden 
and operating restrictions.
    Consumer Disclosures on Stored-Value Cards. The Depository and 
Delivery Systems Committee will report on issues relating to consumer 
disclosures on stored-value cards.
    Dollar Coin. The Depository and Delivery Systems Committee will 
discuss issues surrounding introduction of a new dollar coin, in 
substitution for the dollar bill, as would be required by several 
pending legislative proposals.
    Member's Forum. Presentation of individual Council members' views 
on the economic conditions present within their industries or local 
economies.
    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.

[[Page 51457]]

    Committee Reports. Reports from Council committees on their work 
for 1996.
    Open Forum--Emerging Issues: Internet and Home Banking. (Tentative) 
Committee reports concerning emerging issues and trends, focusing on 
the Internet and home banking.
    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 Deanna 
Aday-Keller, Secretary, Consumer Advisory Council, Division of Consumer 
and Community Affairs, Board of Governors of the Federal Reserve 
System, Washington, D.C. 20551.
    Information with regard to this meeting may be obtained from Ms. 
Aday-Keller, 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, September 26, 
1996.
William W. Wiles
Secretary of the Board
[FR Doc. 96-25184 Filed 10-1-96; 8:45 am]
BILLING CODE 6210-01-F