01-7862. Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies

The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).

The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the office of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than April 13, 2001.

A. Federal Reserve Bank of Boston (Richard Walker, Community Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:.

1. Boston Federal Savings Bank Employee Stock Ownership Plan, Burlington, Massachusetts; to acquire voting shares of BostonFed Bancorp, Inc., Burlington, Massachusetts, and thereby indirectly acquire shares of Boston Federal Savings Bank, Burlington, Massachusetts, and Broadway National Bank, Chelsea, Massachusetts.

Board of Governors of the Federal Reserve System, March 26, 2001.

Robert deV. Frierson

Associate Secretary of the Board.