Kaiser72: I wonder if this has anything to do with some of the big bank earning announcements coming later in the week?
Federal Reserve announces an emergency meeting for Monday 4/11/16
April 13, 2016 JP Morgan Chase & Co
April 14, 2016 Wells Fargo & Co, Bank of America
April 15, 2016 Citigroup
Advanced Notice of a Meeting under Expedited Procedures
It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 AM on Monday, April 11, 2016, will be 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 Street and C Streets, N.W., Washington, D.C. The following items of official Board business are tentatively scheduled to be considered at that meeting.
Meeting Date: Monday, April 11, 2016
Matter(s) Considered
1. Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.
A final announcement of matters considered under expedited procedures will be available in the Board’s Freedom of Information and Public Affairs Offices and on the Board’s Web site following the closed meeting.
For more information please contact: Michelle Smith, Director, or Dave Skidmore, Assistant to the Board, Office of Board Members at 202-452-2955.
Supplementary Information: You may contact the Board’s Web site at http://www.federalreserve.gov for an electronic announcement about applications and other expedited items, as well as procedural and other information about the meeting.
Dated: April 7, 2016
https://www.federalreserve.gov/aboutthefed/boardmeetings/20160411advexp.htm
