Circular
Fair Credit Reporting
January 10, 1997
Circular No. 10909

Issues on Public Availability
of Certain Information Identifying Consumers

Comments Invited by January 31

To All Depository Institutions and Others Concerned in the Second Federal Reserve District:

The following is from a statement issued by the Board of Governors of the Federal Reserve System:

The Federal Reserve Board has requested public comment on issues to be addressed in a proposed consumer information study required by the Economic Growth and Regulatory Paperwork Reduction Act of 1996.

Comment is requested by January 31, 1997.

The study will determine the public availability of sensitive identifying information about consumers (such as social security numbers, mothers' maiden names, prior addresses and dates of birth), the possibility that such information could be used for financial fraud, and the potential for fraud or risk of loss, if any, to insured depository institutions.

The text of the Board's official notice on this matter, as published in the Federal Register of December 26, 1996, is available as a (pdf) file. Comments thereon should be submitted by January 31, 1997 and may be sent to the Board, as specified in the notice, or to this Bank's Compliance Examinations Department.