Extension Granted for Crypto Inquiry

FDIC
Federal Deposit Insurance Corporation
Division of Risk Management Supervision
350 5th Avenue, New York, NY 10018
New York Regional Office

June 10, 2022

XXXXX
Executive Vice President & Chief Compliance Officer
XXXXX
XXXXX

Subject: Questions Related to XXXXX – Extension of Time

Dear XXXXX:

We received your letter dated June 7, 2022, regarding the questions sent to XXXXX Bank by the FDIC in our letter transmitted on April 25, 2022. The questions were related to XXXXX participation in the XXXXX and we requested responses by June 9, 2022. In your letter, you stated that you have prepared responses to the questions but are requesting an extension of time until June 20, 2022 to permit your Audit and Risk Committee to review and approve the responses prior to submission. We hereby approve this request. In the event that you are unable to provide responses by the June 20, 2022 extension date, please provide us with prior notice.

If you have any questions, please contact Case Manager XXXXX XXXXX.

Sincerely,

Ashley M. Amicangioli
Assistant Regional Director

CC: XXXXX
Federal Reserve Bank of New York