Golden Parachute Payments and Indemnification Payments, 54309 [E8-21903]
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Federal Register / Vol. 73, No. 183 / Friday, September 19, 2008 / Rules and Regulations
(ii) The transaction is marked to
market daily and subject to daily
margin-maintenance requirements, and
the member bank is at least as overcollateralized in the transaction as the
affiliate’s clearing bank was overcollateralized in comparable
transactions with the affiliate in the U.S.
tri-party repurchase agreement market
on September 12, 2008;
(iii) The aggregate risk profile of the
securities financing transactions under
this exemption is no greater than the
aggregate risk profile of the securities
financing transactions of the affiliate in
the U.S. tri-party repurchase agreement
market on September 12, 2008;
(iv) The member bank’s top-tier
holding company guarantees the
obligations of the affiliate under the
securities financing transactions (or
provides other security to the bank that
is acceptable to the Board); and
(v) The member bank has not been
specifically informed by the Board, after
consultation with the member bank’s
appropriate Federal banking agency,
that the member bank may not use this
exemption.
(2) For purposes of this exemption:
(i) Securities financing transaction
means:
(A) A purchase by a member bank
from an affiliate of a security or other
asset, subject to an agreement by the
affiliate to repurchase the asset from the
member bank;
(B) A borrowing of a security by a
member bank from an affiliate on a
collateralized basis; or
(C) A secured extension of credit by
a member bank to an affiliate.
(ii) U.S. tri-party repurchase
agreement market means the U.S.
market for securities financing
transactions in which the counterparties
use custodial arrangements provided by
JPMorgan Chase Bank or Bank of New
York or another financial institution
approved by the Board.
By order of the Board of Governors of the
Federal Reserve System, September 14, 2008.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E8–21792 Filed 9–18–08; 8:45 am]
ACTION:
Correcting Amendments.
SUMMARY: This document contains a
correction to §§ 1231.3 and 1231.4 of the
interim final regulation concerning
Golden Parachute Payments and
Indemnification Payments published in
the Federal Register on Tuesday,
September 16, 2008. These sections
should read ‘‘Reserved.’’
DATES:
Effective Date: September 19,
2008.
FOR FURTHER INFORMATION CONTACT:
Alfred M. Pollard, General Counsel
(OFHEO), telephone (202) 414–3788 or
Christopher Curtis, General Counsel
(FHFB), telephone (202) 408–2802 (not
toll-free numbers), Federal Housing
Finance Agency, Fourth Floor, 1700 G
Street, NW., Washington, DC 20552. The
telephone number for the
Telecommunications Device for the Deaf
is (800) 877–8339.
Need for Correction
As published on September 16, 2008,
the interim final regulation contained
clerical errors, which these amendments
correct.
List of Subjects in 12 CFR Part 1231
Golden Parachutes, GovernmentSponsored Enterprises, Indemnification.
Accordingly, part 1231 of Title 12
CFR Chapter XII is corrected by making
the following correcting amendments:
■
PART 1231—GOLDEN PARACHUTE
PAYMENTS AND INDEMNIFICATION
PAYMENTS
1. The authority citation for part 1231
continues to read as follows:
■
Authority: 12 U.S.C. 4518(e).
§ 1231.3
[Reserved]
2. Section 1231.3 is removed and
reserved.
■
§ 1231.4
[Reserved]
3. Section 1231.4 is removed and
reserved.
■
BILLING CODE 6210–01–P
12 CFR Part 1231
Dated: September 15, 2008.
James B. Lockhart, III,
Director, Federal Housing Finance Agency.
[FR Doc. E8–21903 Filed 9–16–08; 11:15 am]
RIN 2590–AA08
BILLING CODE 8070–01–P
yshivers on PROD1PC62 with RULES
FEDERAL HOUSING FINANCE
AGENCY
Golden Parachute Payments and
Indemnification Payments
AGENCY:
Federal Housing Finance
Agency.
VerDate Aug<31>2005
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54309
DEPARTMENT OF HOMELAND
SECURITY
U.S. Customs and Border Protection
DEPARTMENT OF THE TREASURY
19 CFR Part 12
[Docket No. USCBP–2008–0076; CBP Dec.
08–40]
RIN 1505–AB99
Extension of Import Restrictions
Imposed on Archaeological Material
From Cambodia
U.S. Customs and Border
Protection, Department of Homeland
Security; Department of the Treasury.
ACTION: Final rule.
AGENCIES:
SUMMARY: This document amends
Customs and Border Protection (CBP)
regulations to reflect both continuing
and new import restrictions on certain
archaeological material from Cambodia.
Import restrictions that were previously
imposed by CBP Decision 03–28 on
certain stone, metal, and ceramic
archaeological materials that are due to
expire on September 19, 2008, are
extended. The Assistant Secretary for
Educational and Cultural Affairs, United
States Department of State, has made
the requisite determination for the
extension of import restrictions that
previously existed and for amending the
agreement so that it applies also to
archaeological material of the Bronze
and Iron Ages. Accordingly, these
import restrictions will remain in effect
until September 19, 2013, and title 19 of
the CBP regulations is being amended to
reflect this amended bilateral
agreement. These restrictions are being
extended pursuant to determinations of
the United States Department of State
made under the terms of the 1970
Convention on Cultural Property
Implementation Act in accordance with
the United Nations Educational,
Scientific and Cultural Organization
(UNESCO) Convention on the Means of
Prohibiting and Preventing the Illicit
Import, Export and Transfer of
Ownership of Cultural Property. This
document also contains the amended
Designated List of Archaeological
Material that describes the articles to
which the restrictions apply, including
the new categories of objects (glass and
bone) and the additional subcategories
of stone and metal objects from the
Bronze and Iron Age.
DATES: Effective Date: This final rule is
effective on September 19, 2008.
FOR FURTHER INFORMATION CONTACT: For
legal aspects, George F. McCray, Esq.,
E:\FR\FM\19SER1.SGM
19SER1
]]>Agencies
[Federal Register Volume 73, Number 183 (Friday, September 19, 2008)]
[Rules and Regulations]
[Page 54309]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-21903]
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FEDERAL HOUSING FINANCE AGENCY
12 CFR Part 1231
RIN 2590-AA08
Golden Parachute Payments and Indemnification Payments
AGENCY: Federal Housing Finance Agency.
ACTION: Correcting Amendments.
-----------------------------------------------------------------------
SUMMARY: This document contains a correction to Sec. Sec. 1231.3 and
1231.4 of the interim final regulation concerning Golden Parachute
Payments and Indemnification Payments published in the Federal Register
on Tuesday, September 16, 2008. These sections should read
``Reserved.''
DATES: Effective Date: September 19, 2008.
FOR FURTHER INFORMATION CONTACT: Alfred M. Pollard, General Counsel
(OFHEO), telephone (202) 414-3788 or Christopher Curtis, General
Counsel (FHFB), telephone (202) 408-2802 (not toll-free numbers),
Federal Housing Finance Agency, Fourth Floor, 1700 G Street, NW.,
Washington, DC 20552. The telephone number for the Telecommunications
Device for the Deaf is (800) 877-8339.
Need for Correction
As published on September 16, 2008, the interim final regulation
contained clerical errors, which these amendments correct.
List of Subjects in 12 CFR Part 1231
Golden Parachutes, Government-Sponsored Enterprises,
Indemnification.
0
Accordingly, part 1231 of Title 12 CFR Chapter XII is corrected by
making the following correcting amendments:
PART 1231--GOLDEN PARACHUTE PAYMENTS AND INDEMNIFICATION PAYMENTS
0
1. The authority citation for part 1231 continues to read as follows:
Authority: 12 U.S.C. 4518(e).
Sec. 1231.3 [Reserved]
0
2. Section 1231.3 is removed and reserved.
Sec. 1231.4 [Reserved]
0
3. Section 1231.4 is removed and reserved.
Dated: September 15, 2008.
James B. Lockhart, III,
Director, Federal Housing Finance Agency.
[FR Doc. E8-21903 Filed 9-16-08; 11:15 am]
BILLING CODE 8070-01-P
