4216

EXECUTIVE ORDERS

institutional, custodial, or medical care provided
to a person 65 years old or older, or (E) payment
of a currently payable obligation for emergency
medical services, provided that (i) the person
requesting the withdrawal shall first state, by a
written statement made under penalties of perjury,
that (A) such withdrawal is immediately necessary
for, and will be applied exclusively to, such
purpose and (B) the person requesting the
withdrawal has no other resources for that purpose
and has been unable to obtain alternate financing
sufficient for that purpose and (ii) the
association determines that the amount of the
withdrawal is consistent with and necessary for the
purpose stated in the sworn statement.

(e)  (1) Except for the provisions of Sections (f) and (j)
of this Order, the requirements of this Order do not
apply to an association that has been determined by the
Governor to be exempt from the provisions of this Order,
as set forth in Attachment A hereto, as amended from
time to time.

(2) The following factors, among others, will be
considered in determining whether to exempt an
association:

(i) Whether the association has been determined by
appropriate federal regulatory officials to
meet the net worth requirements of the Federal
Savings and Loan Insurance Corporation; and

(ii) Whether an exemption would jeopardize the
interests of the depositors in the
association.

(f) Every savings and loan association shall report by
telephone daily to the Office of the Fund Director its
total withdrawals and total deposits for that business
day, and a statement of its overall liquidity as of the
close of that business day. All daily reports shall be
confirmed in writing before the close of the next
business day or such later time as expressly permitted
by the Fund Director.

(g) Except as required by a legally enforceable obligation
entered into in accordance with law before the date of
this Order, a savings and loan association may not
advance money to, purchase assets from, transfer assets
to, or issue a guarantee or letter of credit on behalf
of, or otherwise lend its credit to, directly or
indirectly, the owner of 5% or more of stock in the
association, any controlling person, any spouse or
member of the immediate family of any such stockholder
or controlling person, or any corporation or business in