November 19, 2019 -- Closed Board Meeting

Closed Board Meeting on November 19, 2019

Government in the Sunshine Meeting Notice

Notice of a Meeting under Expedited Procedures

On Tuesday, November 19, 2019 at 10:30 a.m., a meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures, as set forth in section 261b.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., to consider the following matters of official Board business.

Meeting Date: Tuesday, November 19, 2019

Matter(s) Considered:

Bank Application Matter – Request for approval of a proposal by BB&T Corporation, Winston-Salem North Carolina, to acquire SunTrust Banks, Inc., Atlanta Georgia, and thereby indirectly acquire SunTrust Bank, Atlanta, Georgia.

4, 8

Enforcement Action Matter – Request for approval of a Consent Order against SunTrust Bank.

4, 8

Effective November 19, 2019, 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 the meeting.

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 www.federalreserve.gov on the Board's Web site. (The Web site also includes procedural and other information about the closed meeting.)

Dated: 11/19/2019

1. Voting for this action: Chair Powell, Vice Chair Clarida, Vice Chair for Supervision Quarles, and Governors Brainard and Bowman. Return to Text