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UNITED
STATES
OF AMERICA
BEFORE THE
BOARD OF GOVERNORS
OF THE FEDERAL
RESERVE
SYSTEM
WASHINGGTOK, D.C.
In the Matter
of
JOSE E. ROMERO
Docket No. 97-021-E-I
MUNIZ
A Former Institution-Affiliated
party of
Banco Popular De Puerto
Hato Rey, Fuertc Rico
WHEREAS,
Deposit
Insurance
the Board
Jose
pursuant
Act,
of Governors
Governors')
issues
E. Romero
a state
this
Muniz
bank
customer
customer
of Bunco
bank,
based
credit
all
Part
issuance
rights
on
cards;
263,
implied
June
or set
as defined
Popular
(12 U.S.C.
System
credit
1818(e)
De Puerto
3(u)
Rico,
theft,
(i)(3)),
of
(the 'Order')
card processing
in section
and
(the 'Board
of Prohibition
a former
20
, 1997,
to his
Order
Muniz
theft,
his
against
clerk
and
of the Act
Hato
Rey,
Puerw
sale and unauthorized
pled
sale
signature
by the Board
have
pursuant
(a) to the issuance
for the purpose
forth
Reserve
(i) (3) of the Federal
Rico,
use
of
guilty
to a violation
and unauthorized
use
of
of bank
and
otherwise
or otherwise
(b) to a hearing
Order
by affixing
of this
he might
(the "Act")
on his alleged
1029(a)(z)relating
credit
8(e) and
bards;
WHEREAS,
to the
consent
party,
WHEREAS,
18 U.S.C.ยง
as amended
("Muniz'),
1813(U)),
member
to sections
of the Federal
institution-affiliated
(12 U.S.C.
Order of Prohibition
Issued Upon Consent
Rico
of taking
in this Order;
hereunder,
of GoVernOrS
Muniz
&d
to 12 U.S.C.
of a notice
evidence
(c) to obtain
has
has waived
1818,
judicial
any and
12 C.F.R.
of intent
with
consented~
respect
review
to prohibit;
to any matter
of this
order
or any provision
the basis,
Order
issuance,
hereof;
of or finding
this Order
Board
purpose
issue
constituting
of Governcirs
(12 U.S.C.
1.
Governors.
of any
testimony
or set
of any allegation
with
this proceeding,
and,
affairs
without
forth
made
and
of this
or adjudication
herein,
or implied
solely
protracted
(12 U.S.C.
depository
and
where
necessary
pursuant
of anther
and henceforth
without
by
the
for the
or extended
1818(e) (7) (A)),
voting,
or any
or attempting
to any voting
8(e)(7) (A) of the Act;
to section
from:
bank
in any manner
specified
procuring,
in any
of the Board
8(e)(7)(B)
Cj) Of
to, any
transferring,
institution
of the
8(e) (7) (A) of the
association
any proxy,
(12
kegulatory
in the conduct
limited
of
of the Act
institution
in section
but not
or savings
to vote
tights
approval
prohibited
including,
soliciting,
written
financial
or agency
8(e) I (i) (3) and
Cj)), that:
federal
Participating
instittition
institution,
respect
(i)(3)
the prior
(bl
transfer,
PUrSuaIlt tD SeCtiOnS
without
is hereby
of any
ORDERED,
Muniz,
(al
section
or enforceability
of fact or law implied
of this proceeding
1818(e),
1818(e)(7)(B)),
agency.
with
in any manner
or testimony:
the Act
Act
effectiVenesS
the taking
an admission
IT IS HEREBY
U.S.C.
before
in connection
of settlement
hearings
or contest
hereof.
THEREFORE,
on any
(d) to challenge
terms,
validity,
or any provision
NOW,
and
consent,
holding
insured
company;
attempting
to
or authorization
described
in
violating
(C)
any
federal
banking
agency;
(d)
institution-affiliated
institution
described
2.
appropriate
(12 U.S.C.
previously
approved
by
voting
for a director,
party,
such
Any violation
as an officer,
or acting
director
as an
or employ&e,
in my
B(e)(7) (A) of the Act.
of this Order
or civil
or serving
penalties
shall
or both
separately
under
subject
section
B(j)
Muniz
to
of the Act
lBlS(j)).
fully
terminated
agreement
or
in section
criminal
3.
remain
any voting
This
Order,
effective
or suspended
4.
All
and
and
each and every
enforceable
in writing
communications
until
expressly
by the Board
regarding
provision
hereof,
stayed,
shall
modified,
of Governors.
this Order
(a)
Mr. William L. Rutledge
Senior Vice President
Federal Reserve Bank of New York
33 Liberty Street
New York, New York
10045
(b)
Mr.
Jose
E. Romero Muniz
Street 45-A. DD-24
Ext. Villa de Loiza
Puerto Rico
00729
canavanas,
3
is and
shall
be addressed
to:
5.
The provisions
otherwise
prevent
department
from
the Board
taking
By order
any
of this Order
of Governors,
other
of the Board
action
shall
not bar,
or any
federal
affecting
Muniz.
of Governors,
effective
estop,
or state
or
agency
this H
, 1997.
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
By:&?&(i~=
William W. Wiles
Secretary
of the Board
or
day