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

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Public Hearing on Preemption Petition

The public hearing will be held in the Board Room on the sixth floor of the FDIC’s headquarters located at 550 17th Street, N.W., Washington, D.C.

Date & Time
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 operations.

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, The 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.

Requests for further information concerning the meeting may be directed to Ms. Valerie J. Best, Assistant Executive Secretary of the Corporation, at (202) 898-3812.

Point of Contact
Ms. Valerie J. Best
Assistant Executive Secretary
(202) 898-3812

Last Updated 7/15/2005

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