26 The committee discussed other minor amendments to the draft recommendation, which R. Stewart agreed to incorporate in the final document. The meeting adjourned at approximately 4:30 p.m. ENFORCEMENT REVIEW COMMITTEE May 5, 1988 ERC Meeting ERC Members Present: Staff Members Present: Darrel Dochow, Karl Hoyle, Jordan Luke and Rosemary Stewart Stephen Hershkowitz and Beth Mizuno The meeting convened at approximately 2:30 p.m. to discuss the details and mechanics of implementing the Bank Board's decision made earlier the same day in the matter of Lincoln Savings and Loan Association, Irvine, California, i.e., Option #1, which is described in the ERC's recommendation to the Bank Board dated April 30, 1988. J. Luke suggested, and the other members agreed, that the ERC draft two documents: a traditional Supervisory Agreement and an agreement that 1) incorporates Lincoln's consent to the Supervisory Agreement and 2) a mutual agreement not to bring suit, 3) provides for an examination by a "blue ribbon" national team to commence as soon as possible and to conclude within 6 months and 4) assures Lincoln's transfer to another district providing it meets all normal requirements. OE is to take he lead in drafting the d. ument, in close consultation with D. Dochow. It is not anticipated that the ERC will have a role in negotiating or approving the agreements. The meeting adjourned at approximately 3:00 p.m. so that D. Dochow could telephone Charles Keating, Jr. and inform him of the Bank Board's decision. D. Dochow also will inform the FBLBank of San Francisco about the decision. Prior to the conclusion of this meeting, G. Barclay was called by telephone and briefed about the above matters to which he offered no objection. Dear Mr. Bennett: I was previously scheduled to testify before the Select Committee on December 3rd, but have been informed that the Committee does not currently intend to require my attendance at its hearings. While preparing for my earlier scheduled testimony I came across some notes concerning my conversation with Senator DeConcini. These notes were prepared in October or November of 1989, well after the April telephone call, as talking points on account of press inquiries which I had received about the Senator's call. Other notes prepared during that same time frame were inadvertently left out of the package of documents submitted in After discovering the enclosed notes, I directed that SPECIAL COUNSEL Mr. Robert Bennett The enclosed documents, provided as a supplement to the earlier subpoena response, are as follows: 1. 2. My undated handwritten notes described above. Undated handwritten memorandum from Wayne Simon, Chief Deputy Commissioner of our Department of Corporations, to Deputy Secretary Brown. The neno was prepared in April of 1989. 3. Typed notes dated July 9, 1989. These notes were prepared by my Undersecretary for internal briefing purposes. 4. Press Release of Senator DeConcini dated October 6, 1989. I learned about and obtained a copy of this release sometime after March, 1990, and was unaware of its existence when I provided my affidavit to the Committee's investigators. Finally, we have also maintained a press clippings file regarding the Lincoln and ACC matter, many of which relate to the Select Committee's investigation. It is possible that those clippings fall within the parameters of your subpoena. Because of the volume of those clippings, I wish to confirm whether those documents are required before forwarding those items to your offices. I am leaving my current office effective December 31, 1990. If you need any further information regarding the enclosed materials, feel free to contact Jeff Reid of this Agency at (916) 323-8058. Sincerely, JOHN K. GEOGHEGAN, |