It is anticipated that a portion of the closed meeting of the Board of Governors
of the Federal Reserve System on Monday, February 5, 2001, will be held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th Street and C Streets, N.W., Washington, D.C. The following items of official Board business are tentatively scheduled to be considered at that meeting.
Meeting date: February 5, 2001
Matters to be Considered: |
1. |
Application by Allfirst Bank, Baltimore, Maryland, to establish branches in Reading, Pennsylvania, and Largo, Maryland.
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2. |
Application by UFJ Holdings, Inc. ("UFJ"), Tokyo, to become a bank holding company through the indirect acquisition of The Sanwa Bank, Limited, ("Sanwa") Osaka, and The Tokai Bank, Limited, Nagoya, all in Japan, and notification by UFJ to acquire the U.S. nonbanking subsidiaries of Sanwa and The Toyo Trust and Banking Company, Limited, Tokyo, Japan, and thereby engage in certain nonbanking activities.
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3. |
Application by Prosperity Bancshares, Inc., to merge with Commercial Bancshares, Inc., both in Houston, Texas, and thereby indirectly acquire Heritage Bancshares, Inc., Wilmington, Delaware, and its subsidiary bank, Heritage Bank of Wharton, Texas.
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4. |
Review and determination by the Board of Governors of the rates of discount to be charged by Federal Reserve Banks.
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A final announcement of matters considered under expedited procedures will be available in the Board's Freedom of Information and Public Affairs Offices and on the Board's Web site following the closed meeting.
Contact Person for More Information: Lynn S. Fox, Assistant to the Board;
202-452-3204.
Supplementary Information: You may call 202-452-3206 beginning at approximately 5 p.m. two business days before this meeting for a recorded announcement of any bank and bank holding company applications scheduled for the meeting; or you may contact the Board's Web site at http://www.federalreserve.gov for an electronic announcement about applications and other expedited items, as well as procedural and other information about the meeting.
Dated: February 1, 2001
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