Sunshine Exemptions
Here is a summary of the ten conditions under which a meeting is exempt from the open-meeting requirements of the Government in the Sunshine Act. Under the act, meetings may be closed to the public if they are likely to
www.federalreserve.gov/aboutthefed/boardmeetings/sunshine.htm
Disclose matters authorized under Executive Order to be kept secret in the interests of national defense or foreign policy
Relate solely to internal personnel rules and practices of an agency
Disclose matters specifically exempted from disclosure by statute
Disclose trade secrets and commercial or financial information obtained from a person that are privileged or confidential
Involve accusing any person of a crime or censuring any person
Involve personal information whose disclosure would constitute an invasion of personal privacy
Disclose certain investigatory records compiled for law enforcement purposes
Disclose information contained in, or related to, examination, operating, or condition reports prepared for or used by an agency responsible for regulation or supervision of financial institutions
Involve information the premature disclosure of which would
be likely to
lead to significant financial speculation in currencies, securities, or commodities or
significantly endanger the stability of any financial institution or
be likely to significantly frustrate implementation of a proposed agency action
Specifically concern the agency's issuance of a subpoena or participation in a civil action or proceeding.
For additional information about these exemptions, please consult the Government in the Sunshine Act (5 U.S.C. section 552b) and the Board's Rules Regarding Public Observation of Meetings, 12 C.F.R. part 261b.
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