[Federal Register Volume 63, Number 184 (Wednesday, September 23, 1998)]
[Notices]
[Pages 50914-50915]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-25352]


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FEDERAL RESERVE SYSTEM


Notice of Meeting of Consumer Advisory Council

    The Consumer Advisory Council will meet on Thursday, October 22. 
The meeting, which will be open to public observation, will take place 
at the Federal Reserve Board's offices in Washington, D.C., in Dining 
Rooms E and F of the Martin Building (Terrace level). The meeting will 
begin at 9:00 a.m. and is expected to continue until 4:00 p.m., with a 
lunch break from approximately 1:00 p.m. until 2:15 p.m. The Martin 
Building is located on C Street, Northwest, between 20th and 21st 
Streets.
    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:
    Community Development Lending on Indian Reservations. The Community 
Affairs and Housing Committee will lead a Council discussion on ways to 
overcome potential barriers to community reinvestment and community 
development lending on Indian Reservations.
    Debit Cards with Stored-Value Characteristics. The Depository and 
Delivery Systems Committee will lead a discussion of possible treatment 
under Regulation E (Electronic Fund Transfers) of certain debit-card 
products with stored-value characteristics.
    Community Reinvestment Act. The Bank Regulations Committee will 
lead a discussion on several issues related to the implementation of 
Regulation BB (Community Reinvestment Act), such as the scope of the 
limited-purpose bank designation, the primacy of the lending test, bank 
performance under the services and investments tests, and the use of 
the strategic plan option.
    Credit Scoring. An ad hoc committee representing the Bank 
Regulations, Consumer Credit, and Community Affairs and Housing 
Committees will lead a discussion on issues related to the increased 
use and possible impact of credit scores on mortgage and small business 
loan providers and consumers.
    Governor's Report. Federal Reserve Board Member Edward M. Gramlich 
will report on recent Board initiatives and issues of concern.
    Members Forum. Individual Council members will present views on 
economic conditions present within their industries or local economies.
    Committee Reports. Council committees will report on their work.
    Other matters previously considered by the Council or initiated by 
Council members also may be discussed.
    Persons wishing to submit views to the Council 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

[[Page 50915]]

(TDD) users may contact Diane Jenkins, 202-452-3544.
    Board of Governors of the Federal Reserve System, September 17, 
1998.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 98-25352 Filed 9-22-98; 8:45am]
BILLING CODE 6210-01-F