Former Comptroller of Currency John Hawke Re-Joins Arnold & Porter LLP

October 14, 2004

Washington, D.C., October 14, 2004 - The law firm of Arnold & Porter LLP announced today that John D. Hawke, Jr., former Comptroller of the Currency who retired from his government position yesterday, will re-join the Washington, D.C. office as a partner.

"Jerry is highly respected in both the public and private sectors," said Chairman Michael N. Sohn. "He served as Chairman of our firm for eight years and established one of the nation's premier financial services practices at Arnold & Porter. That practice remains one of our firm's greatest strengths. We welcome his return, which will further expand the capabilities of our financial services group."

Commenting on his decision to return to Arnold & Porter, Mr. Hawke said, "The firm maintains a distinguished financial services group with a depth of talent in regulatory law, complex transactions, and litigation. I look forward to re-joining my former colleagues and assisting the firm's U.S. and international clients with the challenges facing our increasingly complex banking system."

In his September 9th letter to President Bush, Mr. Hawke called the Office of the Comptroller of the Currency "one of the truly great agencies of the United States Government, recognized throughout the U.S. and internationally as a bank regulator of unequaled quality." In particular, Mr. Hawke noted the OCC's innovation on the supervisory side, including developing risk-based supervision; pioneering the integration of economic and quantitative analysis into the supervisory process; constructing early-warning tools to focus on institutions that present the greatest risks; and developing ways for community banks to meet the needs of their customers. He also noted the OCC's work in the international arena, in assisting with the formulation of a new capital regime for internationally active banks, as well as its outstanding record of accomplishment in the area of consumer protection. Mr. Hawke has served nearly six years as Comptroller and his term has spanned two presidential administrations.

Mr. Hawke first joined Arnold & Porter as an associate in 1962 and became a partner in 1967. He left the firm in 1975 to serve as General Counsel to the Board of Governors of the Federal Reserve System. In 1978, he returned to the firm and from 1987 to 1995 served as Chairman of the firm. In 1995, Mr. Hawke was appointed as Under Secretary of the Treasury for Domestic Finance and served in that position for three and one-half years. He was sworn in as the 28th Comptroller of the Currency on December 8, 1998. After serving for 10 months under a recess appointment, he was sworn in for a full five-year term as Comptroller on October 13, 1999.

Mr. Hawke has published extensively on matters relating to the regulation of financial institutions. He has taught classes on federal regulation of banking at the Georgetown University Law Center and at the Morin Center for Banking Law Studies at Boston University School of Law, where he serves as Chairman of the Board of Advisors. A graduate of Yale University, Mr. Hawke served in the U.S. Air Force and went on to graduate from Columbia University School of Law, where he was Editor-in-Chief of the Columbia Law Review.


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