[Federal Register Volume 63, Number 108 (Friday, June 5, 1998)]
[Notices]
[Page 30761]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-14911]


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FEDERAL RESERVE SYSTEM


Notice of Meeting of Consumer Advisory Council

    The Consumer Advisory Council will meet on Thursday, June 25. 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 Room 
E 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 between approximately 1:00 and 2:00 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:
    Possible Revisions to Regulation B (Equal Credit Opportunity) and 
Regulation C (Home Mortgage Disclosure). The Bank Regulations Committee 
and Community Affairs and Housing Committee will lead a joint 
discussion about members' recommendations for revising Regulations B 
and C, in connection with the Board's review of the regulations under 
its Regulatory Improvement Program.
    CRA Assessment Area Issues. The Bank Regulations Committee will 
lead a discussion of issues related to the implementation of the 
Community Reinvestment Act, focusing in particular on the delivery of 
banking products and CRA regulations' treatment of the ``assessment 
area''--the primary geographic area in which an institution's record is 
evaluated.
    TILA/RESPA Proposals. The Consumer Credit Committee will lead a 
discussion on legislative proposals to simplify, consolidate, and 
streamline the provisions of the Boards Regulation Z (Truth in Lending) 
and HUD's Regulation X (Real Estate Settlement Procedures) affecting 
the mortgage lending process.
    Electronic Communication. The Depository and Delivery Systems 
Committee and the Consumer Credit Committee will jointly lead a 
discussion of members' recommendations regarding Board proposals to 
permit electronic delivery of notices and disclosures in substitution 
for paper communications under regulations that implement the 
Electronic Fund Transfer, Truth in Lending, Consumer Leasing, Truth in 
Savings, and Equal Credit Opportunity statutes.
    Governor's Report. Federal Reserve Board Member Edward M. Gramlich 
will report on economic conditions, recent Board initiatives, and 
issues of concern, with an opportunity for questions from Council 
members.
    Members Forum. Individual Council members will present views on 
economic conditions present within their industries or local economies.
    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 (TDD) users may contact Diane Jenkins, 202-452-3544.
    Board of Governors of the Federal Reserve System, June 1, 1998.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 98-14911 Filed 6-4-98; 8:45AM]
BILLING CODE 6210-01-F