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To: Les H who wrote (69874)	2/21/2001 2:27:46 PM
From: KevinMark	Read Replies (1) \| Respond to of 99985

Not sure what to make of it, yet. Notice of Meeting under Expedited Procedures On Tuesday, February 20, 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: February 20, 2001 Matters Considered: Exemption(s) 1. Review and determination by the Board of Governors of the rates of discount to be charged by Federal Reserve Banks. 9(A)(i) Effective February 20, 2001, the meeting was closed to public observation by Order of the Board of Governors1 because the matters fall under exemption(s) 9(A)(i) 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 federalreserve.gov on the Board's Web site. (The Web site also includes procedural and other information about the closed meeting.) Dated: February 20, 2001 -------------------------------------------------------------------------------- Footnotes 1 Voting for this action: Chairman Greenspan, Vice Chairman Ferguson and Governors Kelley, and Meyer. -------------------------------------------------------------------------------- Home \| General information \| Board meetings Last update: February 20, 2001 federalreserve.gov

To: Les H who wrote (69874)	2/21/2001 3:19:10 PM
From: Tunica Albuginea	Read Replies (4) \| Respond to of 99985

Les, you cannot lower interest rates while the CPI, PPI are rising and there is evidence of possible inflation. Just because people forgot about medical inflation, it does not mean it does not exist. Now those without insurance have to pay directly out of pocket. Those are tremendous costs because you get charged the costs of medical care+ +drugs +labor ( high costs because of highest nursing salaries in 10 years ) +legal costs/malpractice +treating the patient's fears/work up can be quite high +picking a good doc ( not the HMO's hacker ); good docs cost more, people just have no idea what they are going uo against. Worse yet, their doctor is not there to give any help with cots. Primarily because he is powerless to do anything about it. TA