Federal Register / Vol. 73, No. 183 / Friday, September 19, 2008 / Rules and Regulations 54309 

(ii) The transaction is marked to 

market daily and subject to daily 

margin-maintenance requirements, and 

the member bank is at least as overcollateralized in the transaction as the 

affiliate’s clearing bank was overcollateralized in comparable 

transactions with the affiliate in the U.S. 

tri-party repurchase agreement market 

on September 12, 2008; 

(iii) The aggregate risk profile of the 

securities financing transactions under 

this exemption is no greater than the 

aggregate risk profile of the securities 

financing transactions of the affiliate in 

the U.S. tri-party repurchase agreement 

market on September 12, 2008; 

(iv) The member bank’s top-tier 

holding company guarantees the 

obligations of the affiliate under the 

securities financing transactions (or 

provides other security to the bank that 

is acceptable to the Board); and 

(v) The member bank has not been 

specifically informed by the Board, after 

consultation with the member bank’s 

appropriate Federal banking agency, 

that the member bank may not use this 

exemption. 

(2) For purposes of this exemption: 

(i) Securities financing transaction 

means: 

(A) A purchase by a member bank 

from an affiliate of a security or other 

asset, subject to an agreement by the 

affiliate to repurchase the asset from the 

member bank; 

(B) A borrowing of a security by a 

member bank from an affiliate on a 

collateralized basis; or 

(C) A secured extension of credit by 

a member bank to an affiliate. 

(ii) U.S. tri-party repurchase 

agreement market means the U.S. 

market for securities financing 

transactions in which the counterparties 

use custodial arrangements provided by 

JPMorgan Chase Bank or Bank of New 

York or another financial institution 

approved by the Board. 

By order of the Board of Governors of the 

Federal Reserve System, September 14, 2008. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. E8–21792 Filed 9–18–08; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL HOUSING FINANCE 

AGENCY 

12 CFR Part 1231 

RIN 2590–AA08 

Golden Parachute Payments and 

Indemnification Payments 

AGENCY: Federal Housing Finance 

Agency. 

ACTION: Correcting Amendments. 

SUMMARY: This document contains a 

correction to §§ 1231.3 and 1231.4 of the 

interim final regulation concerning 

Golden Parachute Payments and 

Indemnification Payments published in 

the Federal Register on Tuesday, 

September 16, 2008. These sections 

should read ‘‘Reserved.’’ 

DATES: Effective Date: September 19, 

2008. 

FOR FURTHER INFORMATION CONTACT: 

Alfred M. Pollard, General Counsel 

(OFHEO), telephone (202) 414–3788 or 

Christopher Curtis, General Counsel 

(FHFB), telephone (202) 408–2802 (not 

toll-free numbers), Federal Housing 

Finance Agency, Fourth Floor, 1700 G 

Street, NW., Washington, DC 20552. The 

telephone number for the 

Telecommunications Device for the Deaf 

is (800) 877–8339. 

Need for Correction 

As published on September 16, 2008, 

the interim final regulation contained 

clerical errors, which these amendments 

correct. 

List of Subjects in 12 CFR Part 1231 

Golden Parachutes, GovernmentSponsored Enterprises, Indemnification. 

■ Accordingly, part 1231 of Title 12 

CFR Chapter XII is corrected by making 

the following correcting amendments: 

PART 1231—GOLDEN PARACHUTE 

PAYMENTS AND INDEMNIFICATION 

PAYMENTS 

■ 1. The authority citation for part 1231 

continues to read as follows: 

Authority: 12 U.S.C. 4518(e). 

§ 1231.3 [Reserved] 

■ 2. Section 1231.3 is removed and 

reserved. 

§ 1231.4 [Reserved] 

■ 3. Section 1231.4 is removed and 

reserved. 

Dated: September 15, 2008. 

James B. Lockhart, III, 

Director, Federal Housing Finance Agency. 

[FR Doc. E8–21903 Filed 9–16–08; 11:15 am] 

BILLING CODE 8070–01–P 

DEPARTMENT OF HOMELAND 

SECURITY 

U.S. Customs and Border Protection 

DEPARTMENT OF THE TREASURY 

19 CFR Part 12 

[Docket No. USCBP–2008–0076; CBP Dec. 

08–40] 

RIN 1505–AB99 

Extension of Import Restrictions 

Imposed on Archaeological Material 

From Cambodia 

AGENCIES: U.S. Customs and Border 

Protection, Department of Homeland 

Security; Department of the Treasury. 

ACTION: Final rule. 

SUMMARY: This document amends 

Customs and Border Protection (CBP) 

regulations to reflect both continuing 

and new import restrictions on certain 

archaeological material from Cambodia. 

Import restrictions that were previously 

imposed by CBP Decision 03–28 on 

certain stone, metal, and ceramic 

archaeological materials that are due to 

expire on September 19, 2008, are 

extended. The Assistant Secretary for 

Educational and Cultural Affairs, United 

States Department of State, has made 

the requisite determination for the 

extension of import restrictions that 

previously existed and for amending the 

agreement so that it applies also to 

archaeological material of the Bronze 

and Iron Ages. Accordingly, these 

import restrictions will remain in effect 

until September 19, 2013, and title 19 of 

the CBP regulations is being amended to 

reflect this amended bilateral 

agreement. These restrictions are being 

extended pursuant to determinations of 

the United States Department of State 

made under the terms of the 1970 

Convention on Cultural Property 

Implementation Act in accordance with 

the United Nations Educational, 

Scientific and Cultural Organization 

(UNESCO) Convention on the Means of 

Prohibiting and Preventing the Illicit 

Import, Export and Transfer of 

Ownership of Cultural Property. This 

document also contains the amended 

Designated List of Archaeological 

Material that describes the articles to 

which the restrictions apply, including 

the new categories of objects (glass and 

bone) and the additional subcategories 

of stone and metal objects from the 

Bronze and Iron Age. 

DATES: Effective Date: This final rule is 

effective on September 19, 2008. 

FOR FURTHER INFORMATION CONTACT: For 

legal aspects, George F. McCray, Esq., 


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