Sec. 0.607  Transcript, recording or minutes; availability to the 
          public.

    (a) The agency will maintain a complete transcript or electronic 
recording adequate to record fully the proceedings of each meeting 
closed to the public, except that in a meeting closed pursuant to 
paragraph (h) or (j) of Sec. 0.603, the agency may maintain minutes in 
lieu of a transcript or recording. Such minutes shall fully and clearly 
describe all matters discussed and shall provide a full and accurate 
summary of any actions taken, and the reasons therefor, including a 
description of each of the views expressed on any item and the record of 
any roll call vote. All documents considered in connection with any item 
will be identified in the minutes.
    (b) A public file of transcripts (or minutes) of closed meetings 
will be maintained in the Minute and Rules Branch, Office of the 
Secretary. The transcript of a meeting will be placed in that file if, 
after the meeting, the responsible Bureau or Office Chief determines, in 
light of the discussion, that the meeting could have been open to the 
public or that the reason for withholding information concerning the 
matters discussed no longer pertains. Transcripts placed in the public 
file are available for inspection under Sec. 0.460. Other transcripts, 
and separable portions thereof which do not contain information properly 
withheld under Sec. 0.603, may be made available for inspection under 
Sec. 0.461. When a transcript, or portion thereof, is made available for 
inspection under Sec. 0.461, it will be placed in the public file. 
Copies of transcripts may be obtained from the duplicating contractor 
pursuant to Sec. 0.465(a). There will be no search or transcription fee. 
Requests for inspection or copies of transcripts shall specify the date 
of the meeting, the name of the agenda and the agenda item number; this 
information will appear in the notice of the meeting. Pursuant to 
Sec. 0.465(c)(3), the Commission will make

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copies of the transcript available directly, free of charge, if it 
serves the financial or regulatory interests of the United States.
    (c) The Commission will maintain a copy of the transcript or minutes 
for a period of at least two years after the meeting, or until at least 
one year after conclusion of the proceeding to which the meeting 
relates, whichever occurs later.
    (d) The Commissioner presiding at the meeting will prepare a 
statement setting out the time and place of the meeting, the names of 
persons other than Commission personnel who were present at the meeting, 
and the names of Commission personnel who participated in the 
discussion. These statements will be retained in a public file in the 
Minute and Rules Branch, Office of the Secretary.