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�౦��Ϸ���� (�౦��Ϸ����) Board of Directors has approved the attached technical revisions and modifications to 12 C.F.R. Part 303 and technical corrections to other regulations in Chapter III of the �౦��Ϸ����'s Rules and Regulations. The final rule also adds a provision allowing the �౦��Ϸ���� Board of Directors to waive, for good cause, nonstatutorily mandated provisions contained in Chapter III.

The changes to Part 303 and the technical corrections to other regulations in Chapter III clarify:

• The rules relating to time period commencements;
• The �౦��Ϸ����'s response time for certain filings;
• The required rating for expedited processing for thrift and thrift holding company filings;
• That the acquisition of control of a parent company of a state nonmember bank generally requires a change in control notice; and
• The certification to be made by an insured depository institution relating to golden parachute payments.

For your reference, �౦��Ϸ���� Financial Institution Letters (FILs) may be accessed from the �౦��Ϸ����'s Web site at http://www.fdic.gov/news/financial-institution-letters/2003/index.html .

Attachment: August 21, 2003, Federal Register, pages 50457-50461
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Distribution: All �౦��Ϸ����-Insured Depository Institutions

NOTE: Paper copies of �౦��Ϸ���� financial institution letters may be obtained through the �౦��Ϸ����’s Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342, option 5, or (703) 562-2200).