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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Information for Prospective Outside Counsel

FDIC Policies and Procedures

Outside counsel retained by the FDIC must comply with the Corporation’s policies and procedures, including the Outside Counsel Deskbook. The Outside Counsel Deskbook as well as other important FDIC policies and procedures relating to outside counsel may be downloaded from the FDIC’s Internet Home Page, or may be obtained by contacting the FDIC (See Contact List inside back cover). For example, outside counsel must prepare a budget at the commencement of a matter and must submit detailed fee bills on a regular basis in accordance with the budget. The FDIC pays outside counsel electronically. It requires outside counsel to provide information necessary for this form of payment. The details of these and other requirements, as well as the Legal Division’s billing procedures, are set forth in the Outside Counsel Deskbook.

In the event of a conflict or inconsistency between this brochure and other FDIC policies and procedures, or other documents governing the retention of outside counsel or referral of particular matters to outside counsel, the terms of the other documents govern.

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