On Monday, July 16, 2001, at 10:15 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: July 16, 2001
Matters Considered: |
Exemption(s) |
1. |
Application by Citigroup, Inc., Citigroup Holdings Company, and Citicorp, all in New York, New York, to acquire Grupo Financiero Banamex, Accival, S.A., de C.V., Mexico City, Mexico, and thereby indirectly acquire Banamex USA Bancorp and its subsidiary, California Commerce Bank, both in Los Angeles, California.
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8 |
Effective July 16, 2001, the meeting was closed to public observation by Order of the Board of Governors1 because the matters fall under exemption(s) 8 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: July 16, 2001
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