01-31220. Sunshine Act Meeting

Agency Holding the Meeting:

Board of Governors of the Federal Reserve System.

Time and Date:

10 a.m., Wednesday, December 19, 2001.

The business of the Board requires that this meeting be held with less than one week's advance notice to the public and no earlier announcement of the meeting was practicable.

Place:

Marriner S. Eccles Federal Reserve Board Building, C Street entrance between 20th and 21st Streets, NW., Washington, DC 20551.

Status:

Open.

Matters to be Considered:

Summary Agenda: Because of their routine nature, no discussion of the following items is anticipated. These matters will be voted on without discussion unless a member of the Board requests that the items be moved to the discussion agenda.

1. Proposed 2002 Federal Reserve Bank budgets.

2. Proposed 2002—2003 Federal Reserve Board budget.

3. Proposed 2002—2003 Office of Inspector General's budget.

Note:

This meeting will be recorded for the benefit of those unable to attend.

Cassettes will be available for listening in the Board's Freedom of Information Office, and copies may be ordered for $6 per cassette by calling [phone] or by writing to: Freedom of Information Office, Board of Governors of the Federal Reserve System, Washington, D.C. 20551.

Contact Person for More Information: Michelle A. Smith, Assistant to the Board; 202-452-3204.

Supplementary Information:

You may call 202-452-3206 for a recorded announcement of this meeting; or you may contact the Board's Web site at http://www.federalreserve.gov for an electronic announcement. (The Web site also includes procedural and other information about the open meeting.)

Dated: December 14, 2001.

Robert deV. Frierson,

Deputy Secretary of the Board.