[Federal Register Volume 62, Number 121 (Tuesday, June 24, 1997)]
[Notices]
[Pages 34064-34065]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-16557]


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FEDERAL RESERVE SYSTEM


Consumer Advisory Council; Notice of Meeting

    The Consumer Advisory Council will meet on Thursday, July 17. 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:
    Home Ownership Equity Protection Act. The Consumer Credit Committee 
will discuss issues raised at recent public hearings on the adequacy of 
Truth in Lending's home equity lending rules. The Board held hearings 
in Los Angeles, Atlanta, and Washington, D.C. in June concerning the 
home-equity credit market targeted by the Act, in which it sought the 
views of creditors, consumer representatives, and other interested 
parties.
    CRA Implementation and Service Test Issues. The Bank Regulation 
Committee will continue its review of large-bank Community Reinvestment 
Act examination issues. The focus of the discussion will be on the new 
lending and service tests for large banks and any potential impact on 
community investments, banking services, and the types of funded 
community projects.
    Treasury's ``EFT '99''. The Depository and Delivery Systems 
Committee will explore issues that may fall under the domain of the 
Board's responsibilities as government, industry, and others work to 
build an infrastructure to deliver all

[[Page 34065]]

federal payments electronically by January 1, 1999.
    Effect of Appraisals on Community Development. The Community 
Affairs and Housing Committee will present a report on their review of 
the effect of appraisals on community development lending.
    Governor's Report. Presentation 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.
    Committee Reports. Committees will report on their work.
    Open Forum-Emerging Issues. Presentation of Council members' views 
on emerging issues or trends in consumer financial services that may 
have potential impact on the Board's role in providing consumer 
protection.
    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, June 19, 1997.
William W. Wiles,
Secretary of the Board.
[FR Doc. 97-16557 Filed 6-23-97; 8:45am]
BILLING CODE 6210-01-F