On Wednesday, March 16, 2011, at 10:30 a.m., a portion of the closed 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 items of official Board business.

Meeting date: March 16, 2011

Effective March 16, 2011, this portion of the meeting was closed to public observation by Order of the Board of Governors¹ because the matters fall under exemption(s) 4,8 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 this portion.

For more information please contact: Michelle Smith, Director, or Dave Skidmore, Assistant to the Board, Office of Board Members at 202-452-2955.

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: March 16, 2011