UNITED BEFORE THE BOARD

STATES

OF AMERICA OF THE FEDERAL D.C. RESERVE SYSTEM

OF GOVERNORS

WASHINGTON.

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In the Matter ERIC CHARLES

of DILL

Docket

No.

96-032-E-I

A Former InstitutionAffiliated Party of the New York Branch of the National Bank of Canada New York, New York

Order of Prohibition Issued Upon Consent Pursuant to the Federal Deposit Insurance (the "FDI Act") Act, as Amended

:

WHEREAS,

pursuant

to Sections

8(b) (4),

(8) (e), and

8(i) (3) of the FDI Act, and (i) (3)), the Board

as amended of Governors issues Eric

(12 U.S.C.

s§ 1818(e) (b) (4), Reserve System upon a in

of the Federal this Order Charles

(the "Board Consent former sections and

of Governors")

of Prohibition ("Dill"), as defined

(the "Order") officer 3(u)

against

Dill party,

and institution-affiliated and 8(b) (4) of the FDI Act Branch

(12 U.S.C.

§§ 1813(u) Bank of

1818(b) (41), of the New York (the "Bank"), due to Dill's
a

of the National

Canada States,

foreign alleged

bank

operating

in the United in the

mispricing

of securities

trading

portfolio caused

for which substantial

he was responsible losses

in 1993, and

which

mispricing

to the Bank;

WHEREAS, consented to the

by affixing issuance

his signature

hereunder,

Dill

has

of this Order

by the Board otherwise

of Governors have

and has waived pursuant

any and all rights C. § 1818, of a notice

he might

to 12 U.S. issuance

12 C.F.R. of intent evidence

Part

263 or otherwise, (b) to a to any judicial

(a) to the hearing matter review

to prohibit; with respect

for the purpose implied of this

of taking

or set forth Order

in this Order;

(c) to obtain and (d) to

or any provision in any manner

hereof;

challenge terms,

or contest

the basis,

issuance,

validity

effectiveness hereof.

or enforceability

of this Order

or any

provision

NOW, adjudication without made this

THEREFORE,

before

the taking

of any testimony

or

of or finding Order

on any issue

of fact or law herein; of any allegation with this

constituting

an admission

or implied and

by the Board solely

of Governors

in connection of this

proceeding; proceeding,

for purpose

of settlement

without

protracted

or extended

hearings

or testimony:

2

IT IS HEREBY 8(b) (4), (ii (31 and Cj,:, that:

ORDERED,

pursuant

to Sections (12 U.S.C.

8(e), §§ 1818(b) (4),

:j:, of the FDI Act

(i) (3) and

1.

3il1,

without

the prior

written

approval to

of

the Board Section another hereby

of Governors,

and where

necessary (12 U.S.C.

pursuant

B(e) (7: !Bj of the FDI Act Federal financial

§ 1818(e) (7) (B)), agency, is

institution from:

regulatory

and henceforth

prohibited

(a) the affairs Section

participating

in any manner or agency

in the conduct in

of

of any institution

specified

8(e) (7) (A) of the FDI Act but not limited

(12 U.S.C.

5 1818(e) (7) (A)),

including, institution,

to, any insured association bank;

depository holding company

any bank

or savings

or any branch

or agency

of a foreign

(b) to transfer,

soliciting, voting

procuring,

transferring, any proxy, rights

attempting consent,

or attempting respect

to vote

or authorization institution

with

to any voting

in any

described

in Section

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

3

(Cl

violating

any

voting

agreement

previously approved

by any Federal banking agency; or

(d)

voting for a d,irector, or serving or acting as an

institution-affiliated party, such as an officer, director or employee,
in

any institution described in Section 8(e) (7) (A) of

the FDI Act.

2.

Any violation of this Order shall separately

subject Dill to appropriate criminal or civil penalties or both under Section 8 of the FDI Act (12 U.S.C. 5 1818).

3.

This Order, and each and every provision hereof, is

and shall remain fully effective and enforceable until expressly stayed, modified, terminated or suspended in writing by the Board of Governors.

4. addressed to:
(a)

All communications regarding this Order shall be

Mr. William L. Rutledge Senior Vice President Federal Reserve Bank of New York 33 Liberty Street New York, NY 10045 - 4

(b)

Eric Charles Dill c/o Helen A. Gredd, Esq Lankier, Siffert & Wohl 500 5th Avenue New York, NY 10110

5. or otherwise State Dill; any agency

The provisions prevent

of this Order of Governors, taking

shall

not bar,

estop, or

the Board from

or any Federal action shall

or department however,

any other

affecting take

provided,

the Board Dill

of Governors upon any

not

further

action

against

based

information

presently

known

by the Board

of Governors.

By order

of the Board

of Governors

effective

this

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

.._.,./.. ..--->

By: Eric Charles Dill

~j!-cI.&zWilliam W. Wiles Secretary of the Board

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