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Federal Reserve Board and TARP Special Master Take Action on Compensation Practices
October 23, 2009 Read the memo
On October 22, 2009, in a coordinated effort, the Board of Governors of the Federal Reserve System (the "Board") and the Special Master for TARP Executive Compensation, Kenneth R. Feinberg (the "Special Master"), took actions with respect to employee compensation at certain financial institutions and TARP recipients.