Subject: Request for Change of Assessment Risk Classification
By letter dated November 30, 2001, you requested a change to the capital
group of the assessment risk classification assigned to [Bank] (Bank), for
the seminannual assessment period that began on January 1, 2002.
At its meeting held on April 15, 2002, the Federal Deposit Insurance
Corporations (FDIC) Assessment Appeals Committee (Committee) considered
your request and determined that it should be granted. The Committee
determined that were it not for the tragic events of September 11, 2001, the
Bank would have been able to consummate two significant funding transactions
that would have allowed the Bank to maintain a well capitalized position as
of September 30, 2001.
Therefore, the assessment risk classification assigned to the Bank will
be changed from 2A to 1A for the semiannual assessment period beginning
January 1, 2002.
You may contact Ms. Cheryl Timmons, Chief, Assessment Operations Section
of the FDICs Division of Finance at (202) 416-7546 with questions on the
method and timing of any refunds or credits that result from this action.