Written agreement with Palm Desert Investments

The following press release was published by the Board of Governors of the Federal Reserve System on Feb. 3, 2010. It is reproduced in full below.

The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Palm Desert Investments, Palm Desert, California, a registered bank holding company, and the Federal Reserve Bank of San Francisco.

A copy of the Written Agreement is attached.

Source: Board of Governors of the Federal Reserve System