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    FOR IMMEDIATE RELEASE
    May 9, 2011
    ABA Media Contact: John Hall
    (202) 663-5473
    E-mail:     jhall@aba.com
    Follow us on Twitter @ABABankingNews
    STATEMENT ON TREASURY PLAN TO EXEMPT FOREIGN EXCHANGE INSTRUMENTS       FROM DERIVATIVES RULES

    by Cecelia Calaby, executive director, ABA Securities Association, and
    senior vice president for regulatory policy, American Bankers Association

          "The Treasury Department has taken a positive, progressive step for the foreign exchange markets and the economy generally.  Treasury has recognized the low level of risk that the existing prudential framework presents for trading foreign exchange swaps and forwards.  The American Bankers Association and the ABA Securities Association welcome this action and support Treasury's proposed determination."

    About American Bankers Association
    The American Bankers Association represents banks of all sizes and charters and is the voice for the nation's $13 trillion banking industry and its two million employees. The majority of ABA's members are banks with less than $165 million in assets. Learn more at aba.com    .


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