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UNITED
BOARD
OF GOVERNORS
STATES
OF AMERICA
BEFORE
THE
OF THE FEDERAL
WASHINGTON,
In the Matter
Daniel
of
An Institution-Affiliated
Party of
FARMERS AND MERCHANTS
BANK
of Long Beach
Long Beach, California
Member
(the "Board
consent
of Daniel
Consent
to Section
3(u)
"Bank"),
of Governors")
extensions
of Long
member
of credit
violations
documentation
23B of the Federal
Beach,
in 1996
Reserve
Long
to a Bank
other
Act
1818(i))
this Order
Reserve
upon
the
senior
vice-president,
party,
as defined
1813(u)),
Beach,
in connection
by the Bank
of the Federal
of the Federal
issues
(12 U.S.C.
bank,
and certain
8(i)
("Walker"),
of the FDI Act
a State
98-025-CMP-12
Order
of Governors
K. Walker
Bank
No.
(12 U.S.C.
and an institution-affiliated
and Merchants
alleged
1
)
)
as amended
the Board
System
Section
Docket
I
1
1
Act,
(the ‘FDI Act"),
;
)
)
pursuant
Insurance
director,
D.C.
1
Bank
WHEREAS,
Deposit
SYSTEM
j
K. Walker
A State
RESERVE
with
of the prior
requirements
(12 U.S.C.
(the
the Bank's
that
approval,
resulted
and
in
collateral,
of Sections
371~
in
of the Farmers
California
affiliate
a
23A and
371c-11,
Regulation
0 of the Board
a Written
Agreement
San Francisco
and
between
consented
Governors
to the issuance
of this Order,
pursuant
to 12 U.S.C.
to any matter
review
challenge
and without
of this Order
263,
in any matter
the basis,
have
or otherwise
evidence
Order;
with
respect
(b) to obtain
hereof;
issuance,
or enforceability
of
provision
he might
or any provision
THEREFORE,
of or finding
this
Order
prior
to the taking
on any
issue
constituting
allegation
made
or implied
connection
with
this proceeding,
settlement
of this proceeding
hearings
and every
Part
in this
Walker
and
(c) to
validity,
of this Order
or
hereof.
NOW,
adjudication
or set forth
and
of
by the Board
each
of taking
Bank
215),
hereunder,
any and all rights
collectibility
any provision
signature
with
Part
10, 1993;
of this Order
for the purpose
or contest
effectiveness,
his
1818 or 12 C.F.R.
implied
Reserve
November
to comply
and waived
(a) to a hearing
judicial
dated
by affixing
and consented
(12 C.F.R.
the Federal
the Bank,
WHEREAS,
has
of Governors
without
or testimony:
2
of fact
an admission
by the Board
and
of any
or law herein,
of any
of Governors
solely
testimony
in
for the purpose
protracted
or extended
of
or
IT IS HEREBY
FDI Act,
penalty
be remitted
the Federal
Reserve
of this Order,
Board
Washington,
payment
pay
agreed
in full,
by check
Board,
shall
funds
this Order,
copy
to section
8(i)
of the
as hereinafter
provided
a civil
in the sum of $12,500.
2. The
shall
pursuant
that:
1. Walker
money
ORDERED,
made
D.C.
at the time
payable
System"
and
to Jennifer
of Governors
20551.
to the Treasury
to be paid
pursuant
of Walker's
to the
"Board
forwarded
with
J. Johnson,
of the Federal
The Board
execution
of
of Governors
of
Walker's
Secretary
Reserve
of Governors
of the United
to this Order
States
executed
of the
System,
shall
remit
as required
the
by
statute.
3. All
sent
communications
regarding
this
Order
shall
to:
(a) Harold H. Blum
Director
Federal Reserve Bank of San Francisco
101 Market Street
San Francisco,
CA 94105
(b) Daniel K. Walker
Senior Vice President
Farmers and Merchants
302 Pine Street
Long Beach, CA 90802
3
and Director
Bank of Long
Beach
be
4. No portion
Order
by Walker
reimbursed
shall
of the funds
be, directly
or otherwise
funded
5. The provisions
or otherwise
prevent
State
or department
agency
Walker,
take
provided,
any
further
however,
action
presently
known
addressed
by this Order.
Order
that
the Board
paid,
to this
advanced,
Walker
not bar,
action
of Governors
based
upon
relating
of Governors,
estop,
or any Federal
any other
of Governors
of the Board
shall
of Governors,
taking
by the Board
By order
or indirectly,
from
against
pursuant
by the Bank.
of this
the Board
to be paid
affecting
shall
to the matters
this
K. Walker
”
Secretary
4
not
information
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
Daniel
or
of the Board