Public Hearing on Preemption Petition
The public hearing will be
held in the Board Room on the sixth floor of the FDICs headquarters
located at 550 17th Street, N.W., Washington, D.C.
Date & Time
for further information concerning the meeting may be directed to Ms. Valerie
J. Best, Assistant Executive Secretary
of the Corporation, at (202) 898-3812.
May 24, 2005 - 8:45 a.m. to 5:00 p.m.
Speakers Summaries and Testimony
Transcript of the Hearing
Memorandum from Julie Williams, Acting Comptroller of the Currency, to FDIC Chairman Powell, Vice Chairman Reich, and Director Curry, dated July 27, 2005 - PDF 512k (PDF Help)
The FDIC will hold a public hearing on a petition for rulemaking submitted
by the Financial Services Roundtable (Roundtable). Generally, the petition
asks the FDIC to issue a rule that would preempt the application of certain
state laws to the interstate operations and activities of state banks.
The stated purpose of the requested rulemaking is to establish parity between
state-chartered banks and national banks in interstate activities and
The FDIC is holding the hearing in order to obtain the public’s views
on the issues presented by the petition. The FDIC believes that public participation
will provide valuable insight into the issues presented by the petition
and will assist the FDIC in responding to the rulemaking request. The FDIC
published a notice of its intent to hold a public hearing in the Federal
Register on March 21, 2005. The FDIC asked those wishing to provide an oral
presentation at the hearing to submit a written request to the FDIC.
The FDIC received a number of requests from organizations seeking an
opportunity to deliver an oral statement at the hearing. The FDIC granted
all requests to appear. The individuals and organizations scheduled to
offer oral statements are identified in the Public
Hearing Agenda. Please click
here to read the agenda in its entirety.
A copy of the Roundtable's petition, the Federal Register notice about
the hearing, and comments submitted by organizations that are not delivering
oral statements at the hearing are available on the FDIC's Web site,
testimony provided by the witnesses will be available on the FDIC’s
web page on the day of the hearing, May 24, 2005.
The meeting will be held in the Board Room on the sixth floor of the
FDIC Building located at 550 - 17th Street, N.W., Washington, D. C.
The FDIC will provide attendees with auxiliary aids (e.g., sign
language interpretation) required for this meeting. Those attendees
needing such assistance should call (202) 416-2089 (Voice); (202)
416-2007 (TTY), to make necessary arrangements.
Point of Contact
Ms. Valerie J. Best
Assistant Executive Secretary