[Federal Register Volume 60, Number 39 (Tuesday, February 28, 1995)]
[Notices]
[Page 10858]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-4844]



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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, March 23, 
1995. 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 a.m. and 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:
    Community Reinvestment Act Reform. Discussion led by the Bank 
Regulation Committee on the implementation of the interagency proposal 
to revise regulations implementing the Community Reinvestment Act.
    Consumer Leasing Disclosures. Discussion led by the Consumer Credit 
Committee on whether and how the Board should amend Regulation M 
(Consumer Leasing) to address technological and other developments in 
the leasing industry and to simplify compliance and reduce burdens 
without diminishing consumer protections.
    Regulatory Coverage for Stored-Value Cards. Discussion led by the 
Depository and Delivery Systems Committee on whether and how the Board 
should amend Regulation E (Electronic Fund Transfers) to govern 
technologically advanced electronic products, such as smart cards, 
prepaid cards, and electronic purses.
    Waiver of Consumer's Right of Rescission for Certain Loans. Update 
by the Consumer Credit Committee on its work in providing timely 
Council input to the Board on the issue of consumer waivers of the 
right to rescind certain mortgage transactions under Regulation Z 
(Truth in Lending). (This issue will be the subject of a March 1995 
Board report to the Congress.)
    Sale of Uninsured Investment Vehicles by Depository Institutions. 
Discussion led by the Depository and Delivery Systems Committee of 
nonregulatory actions by the Board to address consumers' information 
needs about uninsured investment products offered by depository 
institutions.
    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.
    Members Forum. Presentation of individual Council members' views on 
the economic conditions present within their industries or local 
economies (including whether there is a strong focus on lending in the 
inner cities).
    Committee Reports. Reports from Council committees on their work 
and plans for 1995.
    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 Ann 
Marie Bray, Secretary, Consumer Advisory Council, Division of Consumer 
and Community Affairs, Board of Governors of the Federal Reserve 
System, Washington, D.C. 20551. Comments must be received no later than 
close of business Wednesday, March 15, 1995, and must be of a quality 
suitable for reproduction.
    Information with regard to this meeting may be obtained from Ann 
Marie Bray, 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,February 22, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-4844 Filed 2-27-95; 8:45am]
BILLING CODE 6210-01-F