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Notice of a Meeting under Expedited Procedures

On Wednesday, April 11, 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: April 11, 2001

Matters Considered: Exemption(s)
1. Application by Countrywide Credit Industries, Inc., Calabasas, California, and its subsidiaries, Countrywide Financial Holding Company, Inc., Calabasas, California, and Effinity Financial Corporation, Alexandria, Virginia, to become bank holding companies through the acquisition of Treasury Bank, Ltd., Washington, D.C., and election to become financial holding companies. 8

Effective April 11, 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: Lynn S. Fox, 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: April 11, 2001

Footnotes
1. Voting for this action: Chairman Greenspan, Vice Chairman Ferguson, and Governors Kelley, Meyer, and Gramlich.
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Last update: April 11, 2001