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UNITED
BEFORE
THE
BOARD
STATES
OF GOVERNORS
OF AMERICA
OF THE FEDERAL
WASHINGTON.
___
_
_
_
__~
In the Matter
ERIC
_
_
the New York Branch of the
National Bank of Canada
New York, New York
pursuant
8(i) (3) of the FDI Act,
(i) (3)), the Board
(the "Board
Consent
former
sections
and
(the "Order")
3(u)
to Sections
of Governors
issues
against
Canada
States,
due
this Order
Charles
8(b) (4) of the FDI Act
(the "Bank"),
to Dill's
a
foreign
alleged
(8) (e), and
s§ 1818(e) (b) (4),
of the Federal
Eric
1818(b) (41), of the New York
8(b) (4),
(12 U.S.C.
and institution-affiliated
and
96-032-E-I
:
as amended
of Governors")
officer
No.
Order of Prohibition
Issued
Upon Consent Pursuant to the
Federal Deposit Insurance
(the "FDI Act")
Act, as Amended
A Former InstitutionAffiliated
Party of
and
D.C.
Docket
DILL
WHEREAS,
SYSTEM
-_x
of
CHARLES
RESERVE
Branch
bank
System
of Prohibition
Dill
party,
("Dill"),
upon
a
as defined
(12 U.S.C.
in
§§ 1813(u)
of the National
operating
mispricing
Reserve
Bank
in the United
of securities
in the
of
trading
portfolio
mispricing
for which
caused
substantial
WHEREAS,
consented
to the
and has waived
pursuant
hearing
issuance
of this Order
C. § 1818,
issuance
implied
or set forth
review
of this
Order
terms,
effectiveness
provision
in any manner
respect
and
to any
judicial
(d) to
issuance,
of this Order
validity
or any
hereof.
NOW,
THEREFORE,
adjudication
of or finding
without
Order
made
(b) to a
(c) to obtain
the basis,
or enforceability
263 or otherwise,
with
hereof;
has
have
to prohibit;
in this Order;
Dill
of Governors
otherwise
evidence
or any provision
hereunder,
Part
of intent
of taking
matter
or contest
he might
which
and
by the Board
12 C.F.R.
of a notice
in 1993,
to the Bank;
his signature
any and all rights
for the purpose
challenge
losses
by affixing
to 12 U.S.
(a) to the
he was responsible
this
or implied
before
on any issue
constituting
by the Board
proceeding;
and
solely
proceeding,
without
the taking
protracted
of Governors
of any allegation
in connection
of settlement
or extended
2
or
of fact or law herein;
an admission
for purpose
of any testimony
with
this
of this
hearings
or testimony:
IT IS HEREBY
8(b) (4),
(ii (31 and
(i) (3) and
pursuant
:j:, of the FDI Act
3il1,
without
of Governors,
the prior
and where
Section
B(e) (7: !Bj of the FDI Act
another
Federal
hereby
financial
and henceforth
the affairs
including,
8(e),
§§ 1818(b) (4),
institution
prohibited
any bank
or any branch
voting
or authorization
described
procuring,
respect
is
in
5 1818(e) (7) (A)),
holding
company
bank;
transferring,
to vote
attempting
any proxy,
to any voting
in Section
of
depository
association
or attempting
with
specified
(12 U.S.C.
of a foreign
soliciting,
(b)
agency,
in the conduct
to, any insured
or savings
or agency
to
from:
or agency
institution,
of
§ 1818(e) (7) (B)),
regulatory
of any institution
limited
approval
pursuant
(12 U.S.C.
in any manner
but not
to transfer,
written
necessary
8(e) (7) (A) of the FDI Act
institution
(12 U.S.C.
participating
(a)
Section
to Sections
Cj,:, that:
1.
the Board
ORDERED,
rights
consent,
in any
8(e) (7) (A) of the FDI Act;
3
violating
(Cl
any
voting
agreement
previously approved
by any Federal banking agency; or
(d)
voting for a d,irector, or serving or acting as an
institution-affiliated party, such as an officer, director or
employee,
in
any institution described in Section 8(e) (7) (A) of
the FDI Act.
2.
Any violation of this Order shall separately
subject Dill to appropriate criminal or civil penalties or both
under Section 8 of the FDI Act (12 U.S.C. 5 1818).
3.
This Order, and each and every provision hereof, is
and shall remain fully effective and enforceable until expressly
stayed, modified, terminated or suspended in writing by the Board
of Governors.
4.
All communications regarding this Order shall be
addressed to:
(a)
Mr. William L. Rutledge
Senior Vice President
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045
- 4
(b)
5.
Eric Charles Dill
c/o Helen A. Gredd, Esq
Lankier, Siffert & Wohl
500 5th Avenue
New York, NY
10110
The provisions
or otherwise
prevent
State
agency
or department
Dill;
provided,
any
further
presently
known
the Board
however,
action
of this Order
from
taking
the Board
against
Dill
by the Board
By order
of Governors,
shall
any other
upon
estop,
or any Federal
of Governors
based
not bar,
any
action
shall
affecting
not
take
information
of Governors.
of the Board
of Governors
effective
this
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM
.._.,./....--->
By:
Eric
Charles
Dill
- 5
or
~j!-cI.&zWilliam W. Wiles
Secretary of the Board