Common use of COMPLIANCE COMMITTEE Clause in Contracts

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five (5) directors, of which no more than two (2) shall be employees of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty (60) days of the appointment of the Committee, and quarterly thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty days (30) days, the Board shall appoint a Compliance Committee of at least five six (56) directors, of which no more than two (2) shall be employees of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty days (6030) days of the appointment of the Committee, Committee and quarterly every thirty days thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty days (30) days, the Board shall appoint a Compliance Committee of at least five six (56) directors, of which no more than two (2) shall be employees of the Bank or any of its affiliates (as the term “"affiliate” " is defined in 12 U.S.C. § ss. 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty days (6030) days of the appointment of the Committee, Committee and quarterly every thirty days thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty sixty (3060) days, the Board shall appoint a Compliance Committee of at least five six (56) directorsDirectors, of which no more than two three (23) shall be employees of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, Committee and quarterly thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions Actions taken to comply with each Article of this Agreement; and (b) the The results of those actions. (c) A description of the actions needed to achieve full compliance with each Article of this Agreement. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five (55 ) directors, of which no more than two (2) three shall be employees of the Bank or any of its affiliates ([as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1))], or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, Committee and quarterly every thirty (30) days thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five three (53) directors, of which no more than two one (21) shall be employees of the Bank or any of its affiliates (as the term “"affiliate” " is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Formal Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty (60) days of the appointment of the Committee, Committee and quarterly thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Formal Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five two (52) directors, of which no more than two one (21) shall be employees an employee of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, Committee and quarterly every calendar quarter thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty fifteen (3015) days, the Board shall appoint a Compliance Committee of at least five three (53) directors, of which no more than two one (21) shall be employees of the Bank or any of its affiliates (as the term “"affiliate” " is defined in 12 U.S.C. § §371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, Committee and quarterly every thirty (30) days thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Formal Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five three (53) directors, of which no more than two one (21) shall be employees an employee of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, Committee and quarterly every calendar quarter thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty fifteen (3015) days, the Board shall appoint a Compliance Committee of at least five (5) directors, of which no more than two (2) shall be employees an employee of the Bank or any of its affiliates (as the term “"affiliate” " is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, Committee and quarterly every thirty (30) days thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Within ten (10) days of receiving the first monthly Report required in paragraph (3) of this Article and quarterly thereafter the Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five three (53) directors, of which no more than two (2) shall be employees an employee of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, Committee and quarterly thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty fifteen (3015) days, the Board shall appoint a Compliance Committee of at least five three (53) directors, of which no more than two (2) one shall be employees of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, Committee and quarterly every thirty (30) days thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty fifteen (3015) days, the Board shall appoint a Compliance Committee of at least five three (53) directors, of which no more than two one (21) shall be employees of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthlyquarterly. (3) Within sixty fifteen (6015) days of the appointment of the Committee, Committee and quarterly thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five three (53) directors, of which no more than two one (21) shall be employees of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty (60thirty(30) days of the appointment of the Committee, Committee and at least quarterly thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty forty-five (3045) days, the Board shall appoint a Compliance Committee of at least five three (53) directors, of which no more than two one (21) shall be employees an employee of the Bank or any of its affiliates (as the term “"affiliate” " is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Formal Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, Committee and quarterly monthly thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Formal Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five three (53) directors, of which no more than two (2) one shall be employees of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty (60) days of the appointment of the Committee, Committee and quarterly every sixty (60) days thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five three (53) directors, of which no more than two one (21) shall be employees of the Bank or any of its affiliates (as the term “"affiliate” " is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty (60) days of the appointment of the Committee, Committee and quarterly every thirty (30) days thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five (5) directors, of which no more than two (2) shall be employees of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, and quarterly thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement); and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty sixty (3060) days, the Board shall appoint a Compliance Committee of at least five six (56) directorsDirectors, of which no more than two three (23) shall be employees of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's ’s adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, Committee and quarterly thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions Actions taken to comply with each Article of this Agreement; and (b) the The results of those actions. (c) A description of the actions needed to achieve full compliance with each Article of this Agreement. (4) The Board shall forward a copy of the Compliance Committee's ’s report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty forty-five (3045) days, the Board shall appoint a Compliance Committee of at least five three (53) directors, of which no more than two one (21) shall be employees of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, Committee and quarterly monthly thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty fifteen (3015) days, the Board shall appoint a Compliance Committee of at least five (5) directors, of which no more than two one (21) shall be employees an employee of the Bank or any of its affiliates (as the term “"affiliate” " is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, Committee and quarterly thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions; and (c) a description of the future actions still needed to achieve full compliance with each Article of the Agreement. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five four (54) directors, of which no more than two (2) shall be employees of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), ) or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty forty-five (6045) days of the appointment of the Committee, Committee and quarterly every thirty (30) days thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The With each progress report submitted pursuant to Article XIII, the Board shall forward include a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five (5) directors, of which no more than two (2) shall be employees of the Bank or any of its affiliates (as the term “"affiliate” " is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty fifteen (6015) days of the appointment of the Committee, Committee and quarterly every thirty (30) days thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy ComptrollerComptroller on a quarterly basis.

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five (55 ) directors, of which no more than two (2) shall be employees of the Bank or any of its affiliates ([as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1))], or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, and quarterly thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five (5) directors, of which no more than two (2) shall be employees of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, Committee and quarterly thereafter, the Compliance Committee shall submit a written progress report Progress Report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five four (54) directors, of which no more than two one (21) shall be employees an employee of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, Committee and quarterly thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's quarterly report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five three (53) directors, of which no more than two one (21) shall be employees an employee of the Bank or any of its affiliates (as the term “"affiliate” " is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least bi-monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, Committee and quarterly bi-monthly thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and (b) the results of those actions. (4) The Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty fifteen (3015) days, the Board shall appoint a Compliance Committee of at least five (5) directors, of which no more than two (2) shall be employees an employee of the Bank or any of its affiliates (as the term “"affiliate” " is defined in 12 U.S.C. § Section 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthly. (3) Within sixty thirty (6030) days of the appointment of the Committee, Committee and quarterly every thirty (30) days thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each EACH Article of this Agreement; and (b) the results of those actions. (4) The Within ten (10) days of receiving the first monthly Report required in paragraph (3) of this Article and quarterly thereafter the Board shall forward a copy of the Compliance Committee's report, with any additional comments by the Board, to the Assistant Deputy Comptroller.

COMPLIANCE COMMITTEE. (1) Within thirty (30) days, the Board shall appoint a Compliance Committee of at least five (5) three directors, of which no more than two (2) none shall be employees of the Bank or any of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person. Upon appointment, the names of the members of the Compliance Committee shall be submitted in writing to the Assistant Deputy Comptroller. The Compliance Committee shall be responsible for monitoring and coordinating the Bank's ’s adherence to the provisions of this Agreement. (2) The Compliance Committee shall meet at least monthlyquarterly. (3) Within sixty (60) days of the appointment of the Committeecommittee, and quarterly thereafter, the Compliance Committee shall submit a written progress report to the Board setting forth in detail: (a) actions taken to comply with each Article of this Agreement; and; (b) the results of those actions.; and (4c) a description of the actions needed to achieve full compliance with each article of this Agreement; The Board shall forward a copy of the Compliance Committee's ’s report, with any additional comments by the Board, to the Assistant Deputy Comptroller.