[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] ----------------------------------------------------------------------- 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