Discussion of Certain Key Exemptions in Proposed Securities and Exchange Commission Regulation B

The Securities and Exchange Commission’s (SEC) proposed rule on the securities activities of banks – proposed Regulation B – describes four primary statutory exceptions from the broker definition, plus provides several specific exemptions. Set forth below is a general discussion that broadly summarizes certain key exemptions in the proposed rule.

7/23/2004

The following [LIBERIA] entries have been added to OFAC's SDN list (without the "a.k.a.s" listed as separate entries in this bulletin):

OFAC's SDN list is being revised accordingly. The following entries have been removed. Assets blocked prior to May 23, 2003 must remain blocked unless otherwise licensed:

AGRICULTURAL CO-OPERATIVE BANK, Rashid St., Baghdad, Iraq

AL-RAFIDAIN SHIPPING COMPANY, Bombay, India [IRAQ]

09/29/2005

The following individuals have been added to OFAC's SDN list:

ABD AL-RAHMAN, Abdullah Muhammad Rajab (a.k.a. ABU AL-KHAYR, Ahmad Hasan); DOB 3 Nov 1957; POB Kafr al-Shaykh; nationality Egypt (individual) [SDGT]

AHMAD, Zaki Izzat Zaki; DOB 21 Apr 1960; POB Sharqiyah, Egypt; nationality Egypt (individual) [SDGT]

AL-ISLAMBULI, Muhammad Ahmad Shawqi; DOB 21 Jan 1952; POB Minya, Egypt; nationality Egypt (individual) [SDGT]

Supervisory Practices Regarding Depository Institutions and Borrowers Affected by Hurricane Wilma and Associated Severe Storms

10/31/2005

The following changes have been made to OFAC's SDN list:

10/21/2005

The following entities have been added to OFAC's SDN list:

Proposed Statement of Policy

From: Federal Register / Vol. 70, No. 200 / Tuesday, October 18, 2005 / Notices, Pages 60523-60524

Proposed Interagency Questions and Answers Regarding Community Reinvestment

From: Federal Register / Vol. 70, No. 217 / Thursday, November 10, 2005 / Notices, Pages 68450-68456