Manatt's Banking Group is working closely with our Government Affairs Group in Washington, DC, to provide you with answers to key questions you may have regarding the legislation, regulations, and guidance surrounding the TARP and related programs created by the economic rescue legislation. There is a strong likelihood that these matters will play a very important role in reshaping the banking world as we have come to know it, both in the short term and, more importantly, in reform efforts that may be implemented under the new administration and Congress in January. We invite you to contact us with any questions you may have. In the meantime, we will continue to keep you updated as new developments occur....

In This Issue:

*Capital Purchase Program

*Restrictions on Executive Compensation

*Temporary Liquidity Guarantee Program

*Systemically Significant Failing Institutions

*Commercial Paper Funding Facility

Please see full newsletter for more.