[Federal Register Volume 62, Number 63 (Wednesday, April 2, 1997)]
[Notices]
[Page 15712]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-8356]


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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, April 17, 
1997. The meeting, which will be open to public observation, will take 
place at the Federal Reserve Board's offices in Washington, D.C., in 
Terrace Room E of the Martin Building. The meeting will begin at 9:00 
a.m. and is expected 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:

Bank Regulatory Issues

    The Bank Regulation Committee will discuss the potential effects of 
bank mergers and acquisitions on local communities; and will also 
discuss proposed interagency regulations to implement section 109 of 
the Riegle-Neal Interstate Banking and Branching Efficiency Act of 
1994, which among other things provide guidance for determining whether 
a bank is reasonably helping to meet community credit needs served by 
interstate branches.

Electronic Banking and Electronic Disclosures

    The Depository and Delivery Systems, Community Affairs and Housing, 
and Consumer Credit Committees will discuss recommendations for 
revisions to consumer regulations such as Regulations DD (Truth in 
Savings), E (Electronic Fund Transfers), B (Equal Credit Opportunity), 
and Z (Truth in Lending) to allow required disclosures and 
documentation to be provided to consumers electronically. The 
Depository and Delivery Systems Committee will also discuss industry 
and consumer issues involving electronic and home banking, and a Board 
report on the application of the Electronic Fund Transfer Act to 
electronic stored-value products.

Consumer Identifying Information

    The Depository and Delivery Systems Committee will discuss findings 
in a Board report on the availability of consumer identifying 
information and financial fraud.

Recommendations To Simplify Mortgage Lending Disclosures

    The Consumer Credit Committee will discuss possible recommendations 
for statutory amendments that may be required to simplify, consolidate, 
and streamline the provisions of Regulations Z (Truth in Lending Act) 
and X (RESPA) affecting home mortgage lending.

Governor's Report

    Report by Federal Reserve Board Member Laurence H. Meyer on 
economic conditions, recent Board initiatives, and issues of concern, 
with an opportunity for questions from Council members.

Members Forum

    Presentation by individual Council members on the economic 
conditions present within their industries or local economies.

Committee Reports

    Committees will report on plans for 1997; in addition, the Consumer 
Credit Committee will discuss some issues to be addressed in Federal 
Reserve Board hearings on home equity lending (which will be held 
pursuant to the Home Ownership Equity Protection Act of 1994).
    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 about this meeting may be 
obtained from Ms. Aday-Keller, 202-452-6470. Telecommunications Device 
for the Deaf (TDD) users may contact Diane Jenkins, 202-452-3544.

    Board of Governors of the Federal Reserve System, March 28, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-8356 Filed 4-1-97; 8:45 am]
BILLING CODE 6210-01-P