UNITED

STATES

OF AMERICA

BEFORE THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

WASHINGGTOK, D.C.

In the Matter JOSE E. ROMERO

of MUNIZ Docket No. 97-021-E-I

A Former Institution-Affiliated party of Banco Popular De Puerto Hato Rey, Fuertc Rico Rico Order of Prohibition Issued Upon Consent

WHEREAS, Deposit Insurance

pursuant

to sections

8(e) and

(i) (3) of the Federal 1818(e) and of against and (i)(3)),

Act,

as amended

(the "Act") Reserve

(12 U.S.C. System

the Board Governors') Jose

of Governors issues this

of the Federal consent Order

(the 'Board

of Prohibition credit

(the 'Order')

E. Romero

Muniz

("Muniz'), party, of Bunco based bards;

a former

card processing 3(u)

clerk

institution-affiliated (12 U.S.C. a state bank 1813(U)), bank, credit

as defined Popular

in section

of the Act Rey, Puerw Rico, use of

De Puerto theft,

Rico,

Hato

member

on his alleged

sale and unauthorized

customer

WHEREAS, 18 U.S.C.§ customer

on

June

20

, 1997,

Muniz sale

pled

guilty

to a violation use

of

1029(a)(z)relating credit cards; and

to his

theft,

and unauthorized

of bank

WHEREAS, to the all Part issuance

by affixing Order

his

signature

hereunder,

Muniz &d

has

consented~ any and

of this

by the Board have pursuant

of GoVernOrS to 12 U.S.C. of a notice evidence

has waived

rights 263,

he might

otherwise

1818,

12 C.F.R. to prohibit; to any matter of this

or otherwise

(a) to the issuance of taking

of intent respect review

(b) to a hearing implied or set

for the purpose forth

with

in this Order;

(c) to obtain

judicial

order

or any provision issuance,

hereof; validity, hereof.

and

(d) to challenge effectiVenesS

or contest

in any manner of this

the basis, Order

terms,

or enforceability

or any provision

NOW, of or finding this Order Board

THEREFORE, issue

before

the taking

of any

testimony forth

or adjudication herein, without by the

on any

of fact or law implied

or set

constituting

an admission with

of any allegation this proceeding, without

made and

or implied solely

of Governcirs

in connection

for the

purpose hearings

of settlement or testimony:

of this proceeding

protracted

or extended

IT IS HEREBY the Act (12 U.S.C.

ORDERED, (i)(3)

PUrSuaIlt tD SeCtiOnS and Cj)), that:

8(e) I (i) (3) and

Cj) Of

1818(e),

1.

Muniz, where

without necessary

the prior pursuant federal

written

approval

of the Board

of (12

Governors. U.S.C. agency.

and,

to section financial from:

8(e)(7)(B) institution

of the Act kegulatory

1818(e)(7)(B)), is hereby

of anther

and henceforth

prohibited

(al
affairs Act of any

Participating or agency

in any manner specified

in the conduct

of the

instittition

in section limited

8(e) (7) (A) of the to, any holding insured company;

(12 U.S.C.

1818(e) (7) (A)), or any

including, bank

but not

depository

institution,

or savings

association

(bl
transfer, with voting,

soliciting,

procuring,

transferring, consent,

attempting

to

or attempting

to vote in any

any proxy, institution

or authorization in

respect

to any voting

tights

described

section

8(e)(7) (A) of the Act;

(C) any federal banking

violating or

any voting

agreement

previously

approved

by

agency;

(d) institution-affiliated institution described

voting party,

for a director, such

or serving director

or acting

as an in my

as an officer,

or employ&e,

in section

B(e)(7) (A) of the Act.

2. appropriate (12 U.S.C.

Any violation or civil

of this Order penalties

shall

separately section

subject B(j)

Muniz

to

criminal lBlS(j)).

or both

under

of the Act

3. remain fully

This

Order, and

and

each and every until

provision

hereof, stayed,

is and

shall

effective

enforceable

expressly

modified,

terminated

or suspended

in writing

by the Board

of Governors.

4.

All

communications

regarding

this Order

shall

be addressed

to:

(a)

Mr. William L. Rutledge Senior Vice President Federal Reserve Bank of New York 33 Liberty Street New York, New York 10045

(b)

Mr.

Jose E. Romero Muniz Street 45-A. DD-24 Ext. Villa de Loiza Puerto Rico 00729 canavanas,

3

5. otherwise department

The provisions the Board taking any

of this Order

shall

not bar,

estop,

or agency or

prevent from

of Governors, other action

or any affecting

federal Muniz.

or state

By order , 1997.

of the Board

of Governors,

effective

this H

day

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

By:&?&(i~= William W. Wiles Secretary of the Board