Defendant Board of Governors Reply and Opposition (Lawsuit #3)

8/3/2019 Defendant Board of Governors Reply and Opposition (Lawsuit #3)

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Case 1:10-cv-00751-ABJ Document 20 Filed 10/19/11 Page 1 of 37














































































































UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF COLUMBIA

)

)

VERN McKINLEY, )

)

)

Plaintiff, )

)

v. ) Civil Action No.1 :1O-cv-00751 (ABJ)

)

)

BOARD OF GOVERNORS OF )

THE FEDERAL RESERVE )

SYSTEM, )

Defendant. )

DECLARATION OF DAVID G. CAPERTON

I, David Guhse Caperton, declare as follows:

1. I am Special Counsel for Oversight Reviews in the Legal Division of the Board of

Governors of the Federal Reserve System ("Board"). I have been employed as an

attorney at the Board since June 30, 2009. As Special Counsel for Oversight Reviews, I

am, among other things, responsible for working with external entities that are authorized

by law to audit or review the operations and activities of the Board. In that capacity, I

have worked on the Board's responses to requests for information about the financial

crisis in the fall of 2008 to: the Government Accountability Office ("GAO"); the Special

Inspector for T ARP; the Congressional Oversight Panel; the Financial Crisis Inquiry

Commission ("FCIC" or "Commission"); and have occasionally assisted with

Congressional requests. In July 2011, I became the most senior attorney in the Board's

Case 1:10-cv-00751-ABJ Document 20-1 Filed 10/19/11 Page 1 of 15



Legal Division responsible for reviewing FOIA requests and became the Board's point of

contact for all GAO-initiated inquiries.

2. I was the main point of contact at the Board for information requests from the FCIC

regarding the Board's decision to provide assistance to American International Group

("AIG") and the Board's response to the severe liquidity crisis and ultimate bankruptcy

of Lehman Brothers Holdings, Inc. ("Lehman Brothers"). I have reviewed requests under

the Freedom of Information Act, 5 U.S.C. § 552 ("FOIA") made by Vern McKinley

("plaintiff') to the Board bye-mails dated March 21, 2010 and March 28, 2010

(collectively, the "FOIA Requests") at issue in this case. I have also reviewed the

Declaration ofMichael Bekesha, executed August 31,2011 ("Bekesha Decl."), filed in

this action. Accordingly, the statements in this declaration are based on my personal

knowledge and best recollections, on information made know to me in my official

capacity as Special Counsel for Oversight Reviews, and upon conclusions and

determinations reached and made in accordance therewith.

BackgroundRegarding the FCIC

3. The FCIC was established "in the legislative branch" of government "to examine the

causes, domestic and global, of the current financial and economic crisis in the United

States." See Fraud Enforcement and Recovery Act, Pub. L. No. 111-21, § 5(a), 123 Stat.

1617, 1625 (2009). Among other tasks, the lO-member Commission was charged with

"examin[ing] the causes of the collapse of each major financial institution that failed

(including institutions that were acquired to prevent their failure) or was likely to have

failed if not for the receipt of exceptional Government assistance from the Secretary of

2




the Treasury during the period beginning in August 2007 through April 2009." 123 Stat.

1627 § 5(c)(2).

4. To carry out its duties, the FCIC's enabling statute pennitted it to "require, by subpoena

or otherwise, the attendance and testimony ofwitnesses and the production of books,

records, correspondence, memoranda, papers and documents." 123 Stat. 1628

§ 5(d)(1)(B). Section 5, subpart (d) of that statute contemplated that confidential

infonnation obtained by the FCIC directly from an agency would be maintained in a

secure manner. The statute provided that the FCIC may secure infonnation directly

"from any department [or] agency .... of the United States .. . including infonnation of a

confidential nature (which the Commission shall maintain in a secure manner)." 123

Stat. at 1628-29 § 5(d)(4)(A). The statute required U.S. government agencies to "furnish

such infonnation directly to the Commission upon request." 123 Stat. 1629 § 5(d)(4)(A).

I was the main point of contact for nearly all infonnation requests to the Board from the

FCIC, including requests for infonnation concerning AIG and Lehman Brothers.

5. The FCIC's website sets out its Ethics Guidelines for Commissioners, which includes a

section regarding non-disclosure of confidential infonnation obtained during the course

of its investigations. Those guidelines provide "[a]U confidential infonnation obtained by

the Commission during the course of its investigations, and confidential non-public work

product of the Commission, shall be maintained as 'Commission Confidential

Infonnation,' and shall be held in confidence and not disclosed outside of the

Commission." See http://fcic.law.stanford.edulaboutlpolicies (last visited October 11,

2011). The guidelines further provide that "[i]nfonnation the Commission receives from

other persons under confidentiality agreements must also be treated as Commission

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Confidential Information in accordance with the terms of such agreements." Id. There

are exceptions to this confidentiality policy "[i]fthe Chairman or the Commission

authorizes the release of the information," or if "the information is otherwise publicly

available." Id.

The Board's Confidentiality Agreement with the FCIC

6. During the course of the FCIC's investigation, the Board provided extensive information

to the FCIC in accordance with its information requests. In addition to providing

documents, many current or former Board governors and staff members, including

former Chairman Alan Greenspan and Chairman Ben Bernanke, were interviewed by

Commission staff.

7. A substantial amount of the information the Board provided to the FCIC was non-public

and confidential and subject to civil discovery privileges or FOIA exemptions. To

preserve the confidentiality of this Board information, while giving the FCIC unfettered

access to the information it needed to fulfill its statutory mandate, the Board entered into

a letter agreement with the FCIC, dated January 6, 2010, regarding confidentiality ofnon

public information provided by the Board ("Confidentiality Agreement"). I prepared the

initial draft of the Confidentiality Agreement, and am familiar with its contents. A true

and correct copy of the Confidentiality Agreement is attached hereto as Exhibit A.8. The Confidentiality Agreement defines "non-public information" as "information that the

Board has not made, and is not required by law to make, public and which the Board

treats as non-public ...." Exhibit A at 2. The Agreement states "[i]t is the intent of the

Parties that when the Board provides information to the Commission (hereafter

designated 'Providing Party' and 'Receiving Party' respectively), the Receiving Party

4




will treat information as non-public if it is informed by the Providing Party that the

information is non-public." Jd. To designate documents as confidential under the

Agreement, it was the Board's practice to stamp them "Confidential," before providing

them to the FCIC and to make reference in the accompanying transmittal message that

the information being provided is confidential and should be treated as non-public or

confidential in accordance with the Confidentiality Agreement.

9. Paragraphs 1 through 10 of the Confidentiality Agreement describe the Board's and

FDIC's agreement regarding confidentiality. Paragraph 3 states "[e]xcept as

contemplated in this letter, non-public information may not be shared by the Receiving

Party with any third party without the prior written permission of the Providing Party."

Jd. at 3. Paragraph 4 states "[t]he Receiving Party will take all steps reasonably

necessary to preserve, protect and maintain all privileges and claims of confidentiality

related to the non-public information ...." Jd. Paragraph 7 permitted the Commission to

publicly release non-public information ifit determined that it "is in the public interest."

Jd. at 4. Before making any such disclosures, however, the Commission was required to

determine to do so "by a majority vote or by the decision of the Chairman and Vice

Chairman acting together ... ," and was required to "give prior written notice to the

Board, and allow a reasonable period of time for the Board to consult with the

Commission .. ." Id.

10. Paragraph 9 set out the parties' intent that the Board's provision of information to the

FCIC does not waive the Board's privileges or FOIA exemptions. Paragraph 9 states that

the Board's sharing of information with the FCIC pursuant to the Confidentiality

5




Agreement "will not constitute public disclosure" and does not "constitute a waiver of

confidentiality or any privilege ...." including evidentiary privileges. Jd.

The FCIC's Disclosure ofNon-Public Board Information

11. The FCIC delivered its final report to the President and Congress on the causes of the

financial crisis on January 27,2011. See Press Release, Financial Crisis Inquiry

Commission Releases Report on the Causes of the Financial Crisis, January 27, 2011,

available at http://fcic-static.law.stanford.edulcdn _medialfcic-news/20 ll-0127-fcic

releases-report. pdf. On February 12,2011, the FCIC ceased operations. In the days and

weeks before it closed, the FCIC released a great deal of information on its website,

including nearly 2000 documents and 300 witness interviews. See Press Release,

Financial Crisis Inquiry Commission Releases Additional Material and Concludes Work,

February 10,2011, available at http://fcic-static.law.stanford.edulcdn medialfcic

news/Press Release 2.l0.ll.pdf. As described below, these documents included some

non-pubic, confidential documents the Board provided to the FCIC under the

Confidentiality Agreement for which the Board had not approved release.

12. Attached to the Bekesha Decl. are three AIG-related documents, bates numbered BOG

FOIA 10-2Sl-xxxx, and fourteen Lehman Brothers-related documents, bates numbered

BOG-FOIA 1O-267-xxxx. I am informed by Board staff responsible for responding to

the FOIA Requests that the Board provided these documents to the plaintiff in response

to his FOIA Requests. Exempt materials are redacted from these documents as is

apparent from the documents.

13. Attached to the documents described in 12 above are non-redacted versions of those

documents that the declarant states that he located on the FCIC's public website.

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Bekesha Decl., 5-26 and Exhs thereto. Sixteen ofthe seventeen non-redacted

documents are bates numbered "SB-AIG-xxxxx" and "FRB to LEH Examiner

xxxxxxlFCIC xxxxxx." I am familiar with these documents because I was personally

involved in reviewing them and arranging for their production to the FCIC. The Board

applied the bates numbers "SB-AIG-xxxxx" and "FRB to LEH Examiner xxxxxx/FCIC

xxxxxx" to the documents. The documents bear different bates numbers because they

had been gathered and numbered prior to being requested by the FCIC. Each of these

documents contains information that the Board considers privileged or confidential and

exempt from disclosure under FOIA. As a result, when providing these documents to the

FCIC, the Board notified the FCIC orally and by email that the documents are

confidential and non-public and should be treated as such in accordance with the

Confidentiality Agreement. The Board's designation of these documents as confidential

and non-public under the Confidentiality Agreement is apparent from the

"CONFIDENTIAL" or "HlGHLY CONFIDENTIAL" stamp which the documents bear. The

Board asked the FCIC to treat these documents as non-public and confidential because

they contained pre-decisional deliberative material, confidential commercial or financial

information, and/or confidential supervisory (bank examination) information.

14. For most of the documents described in '113 above, the FCIC contacted me either by

email or letter to request the Board's permission under Paragraph 7 of the Confidentiality

Agreement to publicly disclose the document. In the case of each such document, after

consultation with my supervisor[s] in the Legal Division and appropriate Board staff, we

determined that the confidential information contained in the documents should remain

confidential. As a result, the Board did not consent to the FCIC's release of any of the

7




documents attached to the Bekesha declaration described in 13 above, and I did not

represent to the FCIC that the Board consented to the public release of any of those

documents. In addition, I have reviewed records I have from the FCIC notifying the

Board of the potential release ofmost of the documents contained in the Bekesha

declaration. Some of the pages released by the FCIC and included in the Bekesha

declaration do not appear to have been included in the release requests I received from

the FCIC, indicating that the FCIC did not consult with the Board as required under the

Confidentiality Agreement before releasing some of the documents. Despite lack of

consent from the Board, the FCIC released these documents in unredacted form on its

website.

15. Exhibit l-C to the Bekesha declaration is an AIG-related email that I am informed was

provided by the Board to the plaintiff in response to one ofthe FOIA Requests, bates

stamped BOG-FOIA 10-251-0000262-63, and a document bates stamped FCIC

AIG00021566-67 which the declarant states that he downloaded from the FCIC's public

website. Bekeska DecL, 9. To the best ofmy recollection, the Board did not use the

bates designation "FCIC-AIGxxxxxx" in any production to the FCIC, and did not

separately produce this document to the FCIC. As indicated in the redacted version of

this document provided to the plaintiff, the document contains privileged pre-decisional

deliberative material. The Board did not give the FCIC permission to publicly release

this document.

8






Exhibit A




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dated De'Cember 11; :2009, to B ~ . D 2 ; i : V f o f t b ! s . p f f l ~ e , W i t 1 i i ) l t t a c h e d . d r , a f t : N o h . ; D ~ ~ C 1 o s u t ~ Agreement..

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Hon. Ben BemankeJanuary 6, 2010

Pase2

~ ~ ~ i : ~ : ! a ; : : i s : : ~ / : ; ~ t ~ ~ : = = : ~ ~ ~ : : ~ : ~ ~ ; ~ : ~ : ; d ~ : ~ = \ ! ~ : ~ ~ ~ ~ ~ ' 9 t h e r i n d ~ p e n d e n t , establishment. orinstlilinentallty'o.fthe U h i t e ( j S t a t ~ s ( t d the fullesfextent'pem:ritted,by lavv) Witi1·respect

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I f i ; s ' t h e p o J i e i o r t h . e . G q ~ i s s i p l 1 t Q , r e s p e c t ' t h e c o . t i f i d e n t j i : i l i t y ' o f i J j f o r r n ! ; l t i o . n , s u b m i t t e d t o i tin contldencebyanyother depanment.agenc)" bureau, board, cdtnmission,officei, independentesta"@nment,.qr l n ~ t i t i t n ~ n . t E i l i t y ofthetrnit¢d Statesto,theextent e.onsis'tefit with .its statuto.ry

mandate and its duty to the American p u b l i c ~ a n d . e a c h s u e h e r i ~ i t y w h i ( ; h p t o v h i e s i n f o r l : t i a ~ i o . n to.the C ( ) m m J s ' s j o h g ~ be,'MsJu:edthatthe Cbmtn,.jssio.l1intcnds 'to. abide;by its policy. ' ,

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"(;()nfidentizilsupervisQry i n f o r m a . t i o n ~ · ' under the.Bo.ard.'.sregUlatlons.(12 CPR Part. 261).NonP \ l b H c l ~ f Q m l a W m i n ~ l t l d e s : ; b o . t h ' , t h e i n f o I I n a t r o h itself, in:aQY fo.ntl (incilJdfngpral); and anydocumenl;writien,.transCrlpl, ,.audiotape, ,,,ideotape, oro'thetiype ,ofttanseriptipn. jeplicatiotl,feproducHon",()rfecreatioI1 ..Whichconiains,o.ris derived fro.m sueh,irrrormatio.n.lt'is theiniento.rthe Partlesthat when the Boardpro.vid.es, info.npatioll to. t l ? - e ~ d m t n i s s i o n (hereafierdesignated.·'PIo.viding Parly" 'and "R;eceiving,Party"'respectively), the Receiving Party win treatinfo.rmatic)Il'a5,hon-pu$tic'i(ltisinfo.nnedpYthe .Prqviding patty that Pleit1fo.rmatio.n i ~ n o n public. The,}?:rovJdiIlgPartymaycure\alllrtadvertent failure to desi@1ate,inform.a:tion.·assnori-."

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·flon..BenBemanke·January 6, :Z010

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3. E x ~ e p t ~ a s .. c o n t ¢ m p l a t e d i a t h l s l ~ t f e r , . n ( j n " p u b l i 9 · ' i l 1 t h ~ a t t : o t i . m a y . not b e . s h ~ , d O y . t h e R ~ v i r i g P : a r t y w i t h @ y t h i r d " p ~ w i t l i . o u t t 1 i ~ l ' r i ' O r : ' w P t t e t \ p e t n l i s s i o n orthe ProV:idinKPatty.

4. T h e ' R ~ c e i v i n g , p a t 1 y w i U ta;keaU.stepsreasonablY·l1e,cessaryto;:preserite,ptotectancl~ m a i h t a i n a l l . p r i v i l ~ g e s a n d ~ l a i m s o f ' c o i d i d e I l ~ l a J i : t y r e l ~ t e d t Q t h e n o n ~ p u Q l i ~ i n f o r m a t i o n a n c l will ~ ~ ~ r ~ \ a t : l e ~ t , ~ m ~ c h . l r o t e c t i o n 1 o .:tM noo ..public information as'tne Providing Part)'·p r o v t 4 ~ , t 9 t h ~ t . t r i f o ~ ~ n ' ; .. .. .

5i. In4¢;' ' y i i 1 g P o ~ · r e ¢ e . i " e $ : l l r ~ q u e ~ t X l ' Q l 1 l a t f i i ~ d > p a r t y · f o r n o n - p u b H c : i n f ( ) r m a t l o n . o f~ : : Z : i t l ~ i .att}'tSucIT'a.saFreeliQrn Q f 1 h ' ( o ~ ; ~ t i < > f ) . ~ q t : I ' b q ) l ~ s . t J ; ) r ; , ; ; i s \ l h p o e n ~ the ~ e c ~ i y ~ g ;

a) t m l e s s · · p r O h i b ~ t e a b y t a w ; .immediatelynotifyllieProvidingPartyofsuch:request>s u b p ( ) e n a , o r d e r , o r 0 t l 1 e r p f c o C ¢ s s ' a n d f t . l r n i ~ h t P t h ( . \ P ~ ~ ) \ ( j d ~ g ] > , a t t y · c o p i e s o f a n y s u c h request ororder as wellas any dOCUll1ents,related,theretoi ' .

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t}consenbo application bytheProvidihgPruty to. intervene iril,lnyactioni:iiordet to

preserve, protect, or maintain t l 1 ~ / c q n f i q e , * ~ i ~ l i t y ( ) f t h ~ ' n o n - p J ; l b l i c information or any plivilegesassociated therewith, . . .

6 ~ ' N " 0 t f f i n ~ j n t h i ' S ; C o t f u n l t m e n r w i l l p r ~ v e ; l t . t h e , ~ ¢ ¢ e i v i n g ' P c t i " t y froth c Q f l 1 p l y j ~ g ~ t h a reQllestfTt.deroB:I!CI,f,l:ol11 a •. d p l y ; ; a u t h Q t l z e d 0 9 m m . i t t e e ; o f J h e · t f n i t e d ~ S : t a t e s C o r t ~ , e $ S Withoauthorltyto'iequire:<Ittdrecelye. t h e ' , r i q i j - p u b 1 i ~ ; j h f o W ~ p n i q r ..Rlegl;\llyyali,d, : ~ n 4 e n f o r , c e a b l e . snbpOeil(\.oN)rderby a courtof!Wm.petent j,Urisdietion;Ior.themon:public;irifonna.tionbrt e s t i l i : U ) i l y ' t ¢ ~ a . t e d ~ t h e J i ~ ( ) if,}in t h e c a s e " o : f a s U b p Q e n ~ " o r c o u r t t : ) r d e I j , t ; h e Receiving PaIro/:

a) re(lsOuablYde.terrfiines.that.efforts to. quash,. appeal, or resist compliance with the. orderwould.be u h s u c c e s s f u l · o r a ~ h i s t i t s , · i 1 i ~ e t e s t ; · ' . ' ".

· b ) a t t e m . p t ~ ; . t g ~ e e x t e r i t p ' r a c t i c a b l e ~ ' t ~ $ ~ . e ~ j ; t p r o t e c t i y e o r 4 e r t o : p r e s ~ r v e , prQtect, andm ~ ~ i a i n . t h e : c o n t 1 d ~ n t i a l i t Y i ' o f i l i e n o n ..p u b H c · . i p £ o t m a i i o ~ . a t t d ' : a f l y p r i v i 1 e g ~ $ as$ooiate th:erewitJl.;'and . . , .. . . .

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7. I n · a c ~ r d a n c e With its S t a t p t 6 f y l 1 l a n ~ a t e a n d j t s dlitytothe AmenC;lllpubHc,notwithstanding any:;oiher, Pro:vis on ofthIs C o m m i t r n e n t ; ' t l 1 e C o m n 1 i s s i o n ~ i : f ' i t ' d e t e t t n i n e S i t i s in the P l l b l i q j n t e t ~ s t , : r r i a y r e l e $ e t 9 the P\lblipnon'-publicihfonnatiQnobtalned from the.Boardin any i n t e r i m ; o r f i n a l r ~ p o r t ~ t d tlre President and Congress"orin anY public h e ~ n g s , . i f , t h e C o m m i s ~ i o 1 : l d e J e m t i n ~ ~ 1 ( ) : Q . Q ' ~ P ' b y a ; w ~ ~ r i t y ' v o f e m b y t h e " d e c i s i o n ; o f t h e Chairman .andVfceC h a i r m a n a c t i n g t o g ~ t h e r o n : b e h ~ l f o f t h e . · G p r i r m i s s i o i 1 , . · . · P i i o r t Q ~ y . t e I ¢ ~ s e ' p f T i o r i ..public .i n f o $ ~ t i : o n t ; t n d e r t h i s p ~ g r a p h , t h e C o m m i s $ i o n , w i l I g i v e pnot'wtittennoticetOthe Board),a n d : , a l l o v i a , t e a s ( j f i a : b 1 e p ~ t j o 4 · . O : f t i t t l e f o f t h ¢ . B C l a r d t o j ; < 5 p ~ \ U l t : w i t h t h e . Q q f i u P . i s s i ( ) n b e £ o r e t h ~ · C o m m i s s i o n u ~ s a n y , o f t b e i n Q a r d ~ ; s n ( j n , . p u b n c i n f o t J . n a t i o n i n a n y ihterim. ,ot:,ftnaJ' report to theP r e s i d e n t a n d C o r i g r e ~ s ~ grin any ,pul,)iichcarirrgs ( w i t l i a J ~ g e t Q f up 10 14 dayS prior n o t i < : ~ whetl6v;er feasible"but wiih;:tbe: r¢asonlibleness:of'the,'coIl'silltatioIipenod beingdeterhiinedb ~ e d upon!he'an,toun.tap.d setlsiti vitY,oftheI\Qt1-publi¢tnformation undercomdder;ation).

~ . ~ h o t i l d a q t i ~ ~ t i p n ; ~ $ ~ , ~ t o w h e t h e r : i n ! o n n a t i Q n ; i s ; p u " l i c o r < n o n ~ p u b l i c ~ ; t h e : R e c e i v i n g Partywiliimmediatdy,contactthe Providing P a i t Y : ' f l J 1 d ' : ~ e k a . d e i ~ r r n i t 1 i 1 t i Q n ; B ; S 1 p ilie,sta6:ts ofthe,ii'(tqnnatjpn. Ifthe;J?roviding P a t t } : , ~ t e n n i n e s t h a t the inforrnationis;rtofi-publici n f b : f J : 1 i a t i o i 1 . t h e · R ~ ' C e i V i t 1 g ' P C l t t Y · v v i l t t r e a r i t .. i l ; t a c : ¢ ( ) r & m . c e ~ l h · t ; h i s e O ~ : l l n i t m e n ~ ,

9, TheP!irliesjntend t h a t $ b ~ i r t g l i . l f n o n . , p . u b l i c informa!ionwitla e a c h 0 t h ( l ~ p l l l ' s u a n t t o t h e terms ~ f i f f i s , C O m m i t m e I i t W i l l n o t c o n s t i t u t e . p U 0 I i c d i ~ c i o $ u r e " , Iit,Jrwiliit constitUte a wt:liverofc(jtifidentiality o r i a n Y I i r i Y i l e g ~ . a p p l i ~ b l e t Q s u c : h : i n f o n n a t j b n ' i the';Parties expresslyreserve an

evidentiary privileges and i r n r n u n i t i e s a p p l i c a ~ i e t o t h e . j n f o r m , ~ t i : o n . ~ h a r e d ' U n d e t tl,lisCotrnnitx:nent.' . . .

10.. 1 : h ~ . ~ C Q m m i t r n ~ n t a n d all ,of'it::; terms ..andcondhionsiscontinulng and ~ p p l i e S l ( ) . tneReceiving Patty until t e r m i n a t ~ d b y 'the P a r t y t h a t p r o v ~ d t ' ! d . t l : t ~ ' n o n ~ P t l b l t c inforrriatiPIl.w<t4e


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.~ . Y ( l I J t ( l r ~ r m h · u ~ t i ~ m o f : ; t H i s i C o t n m i t m e r t t I t b ' e : { ~ e c ~ i Y i n g , R a r t y . a g t e e s ~ t h a t · . n o f i ; , p u b 1 i d i r i f o t T p ~ ! i Q n w H l r e ! l 1 a l . n : c p l : l f j : d ¢ m i @ ' . : ~ 4 ) p ~ t i t j ; r i u ~ i o ; 1 ) e . P f . O l e C { « 1 < . b y t . h ~ i e r r P s o { t t I l s · ; C o t n m i t m e n t . · · ..

Wetitlstt h a t t b i ~ C 0 l ! 1 # ! i t m e n t w i l l · e ~ a . J ; l ~ Y < l U i n m ' l e d 1 a t ~ l y t O ~ ( j n l p l Y W i t h theinforoiation.

r e q ! J e s t s : s t a f f l l l e m : b e ~ 'fromthe·<'±ommiS:Sit>n,;ha-veaiteaQ.ysubmitted t o · · y o ~ $ t a f f , andJoQkfo£Warp toYour.p!"QmptcO(i)Reratiofi;· .

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cc: Thomas··Oree:neBatt Dzivib ~ ~ i a e a p e i 1 . P n.01;lry:Cohim.

Accepted:

B o a t d ' q t ~ o y e t I 1 ( ) r s o f ~ h e ; E e d e r ~ 1 . · ~ e s e r y e ' S y s t e m


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