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Board Report: 2013-AE-B-014 September 26, 2013

Status of the Transfer of Office of Thrift Supervision Functions

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Appendix 2: FRB Management Comments

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
WASHINGTON, D. C. 20551

September 25, 2013

Mr. Mark Bialek
Inspector General
Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue, NW
Washington, DC 20551

Dear Mark:

Thank you for providing the Federal Reserve with the opportunity to review and comment on the Office of Inspector Generals' draft report of the Status of the Transfer of Office of Thrift Supervision Functions. We have reviewed the report and agree with the conclusions regarding the assessments, fees, and other charges required pursuant to the Dodd-Frank Act.

We appreciate your efforts and the professionalism extended to the officers and staff of the Federal Reserve Throughtout this review. Please let me know if you have any questions.

Regards,

/signed/

Michael S. Gibson
Director
Division of Banking Supervision and Regulation

/signed/

Scott G. Alvarez
General Counsel
Legal Division