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• On July 28, 2006, the �౦��Ϸ����'s Board of Directors imposed a six-month moratorium on industrial loan company (ILC) deposit insurance applications and change of control notices. The moratorium will expire on January 31, 2007.
• On August 23, 2006, a Notice and Request for Comment was published in the Federal Register , which includes 12 specific questions on ILCs. The questions cover a variety of topics, including the current legal and business framework of ILCs and the possible benefits, risks and supervisory issues associated with ILCs.
• The �౦��Ϸ���� believes that public participation will provide valuable insight into the issues presented by recent trends and changes in the ILC industry.
• Comments may be submitted through the �౦��Ϸ����'s Web site at http://www.fdic.gov/regulations/laws/federal/propose.html . Comments may also be submitted through e-mail, U.S. Postal Service, or hand-delivery as detailed in the attached Federal Register citation.
• All comments received on or before October 10, 2006, will be posted without change, including any personal information provided, to the above Web site.

Distribution:
All Insured Institutions

Suggested Routing:
Chief Executive Officer
Legal Counsel

Note:
�౦��Ϸ���� Financial Institution Letters (FILs) may be accessed from the �౦��Ϸ����'s Web site at www.fdic.gov/news/financial-institution-letters/2006/index.html .

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html .

Paper copies of �౦��Ϸ���� financial institution letters may be obtained through the �౦��Ϸ����'s Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 202-562-2200).