On Monday, May 21, 2001, at 11:00 a.m., a meeting of the Board of Governors of the Federal Reserve System was 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 and C Streets, N.W., Washington, D.C., to consider the following matters of official Board business.
Meeting date: May 21, 2001
Matters Considered: |
Exemption(s) |
1. |
Application by Bank of America, N.A., Charlotte, North Carolina, for its London branch to establish Chelsea Investments Limited, George Town, Grand Cayman, Cayman Islands.
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8 |
2. |
Application by CB&T Bancshares, Inc., to become a bank holding company through the acquisition of Citizens Bank & Trust Company, both in Vivian, Louisiana.
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8 |
3. |
Application by Royal Bank of Canada, Montreal, Canada, and Rock Merger Subsidiary, Inc., Raleigh, North Carolina, to become bank holding companies through the acquisition of Centura Banks, Inc., Rocky Mount, North Carolina, and notification to acquire the nonbanking subsidiaries of Centura Banks, Inc., and thereby engage in extending credit and servicing loans.
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8 |
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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9(A)(i) |
Effective May 21, 2001, the meeting was closed to public observation by Order of the Board of Governors1 because the matters fall under exemption(s) 8, 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c)), and it was determined that the public interest did not require opening the meeting.
Contact Person for More Information: Michelle A. Smith, Assistant to the Board;
202-452-3204.
Supplementary Information: This meeting notice, which is available in the Board's Freedom of Information and Public Affairs Offices, is also available electronically at http://www.federalreserve.gov on the Board's Web site. (The Web site also includes procedural and other information about the closed meeting.)
Dated: May 21, 2001
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