[Federal Register Volume 74, Number 233 (Monday, December 7, 2009)]
[Rules and Regulations]
[Pages 63990-63991]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-29026]


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DEPARTMENT OF THE TREASURY

31 CFR Part 30

RIN 1505-AC09


TARP Standards for Compensation and Corporate Governance

AGENCY: Domestic Finance, Treasury.

ACTION: Interim final rule; correction.

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SUMMARY: This document contains corrections to the preamble of an 
interim final rule that was published in the Federal Register on 
Monday, June 15, 2009 (74 FR 28394), relating to certain standards for 
compensation and corporate governance applicable to financial 
institutions receiving funds under the Troubled Assets Relief Program 
(TARP).

FOR FURTHER INFORMATION CONTACT: Office of Domestic Finance, Treasury 
(202) 927-6618 (not a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The interim final rule the preamble of which is subject to these 
corrections is under section 111 of the Emergency Economic 
Stabilization Act of 2008, as amended.

Need for Correction

    As published, the preamble to the interim final rule contains 
errors that may prove to be misleading and are in need of correction.

Correction of Publication

    Accordingly, the publication of the interim final rule, which was 
the subject of FR Doc. E9-13868, published on June 15, 2009 (74 FR 
28394), is corrected as follows:
    1. On page 28399, column 3, in the preamble under the heading 
SUPPLEMENTARY INFORMATION, the first paragraph, line 26 the language 
``Section 30.10 (Q-10) of the Interim Final Rule states that TARP 
recipients will be subject during the TARP period to the bonus 
limitation requirements based on the total amount of financial 
assistance outstanding under the TARP.'' is corrected to read ``Section 
30.10 (Q-10) of the Interim Final Rule states that TARP recipients will 
be subject during the TARP period to the bonus limitation requirements 
based on the gross amount of all financial assistance provided to the 
TARP recipient, valued at the time the financial assistance was 
received.''
    2. On page 28403, column 2, in the preamble under the heading 
Supplementary Information, the carryover paragraph, line 33 the 
language ``(15) certain employees named in the certification are the 
SEOs and most highly compensated employees for

[[Page 63991]]

the current fiscal year based on their compensation during the prior 
fiscal year;'' is corrected to read ``(15) an accurate list of the 
employees who are the SEOs and most highly compensated employees for 
the current fiscal year has been provided to the Treasury;''.

    Dated: November 30, 2009.
Herbert M. Allison, Jr.,
Assistant Secretary for Financial Stability.
[FR Doc. E9-29026 Filed 12-4-09; 8:45 am]
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