FEDERAL RESERVE BANK OF NEW YORK 2 Mr. Radhakrishnan
February 25, 2002
In closing, please be advised that the Bank, as a federal
instrumentality of the United States, is not subject to State and
local regulation and is therefore not obligated to act in
accordance with the DEP February 15, 2002 and February 19, 2002
inspections and respective letters. However, it has been the
Bank's long-standing policy to comply voluntarily with the spirit
of local law requirements that maximize the health and safety of
our employees and the public. The important issues raised in the
DEP letters certainly fall within the scope of local health and
safety requirements that the Bank has historically complied with
on a voluntary basis. The Bank will therefore continue to
voluntarily address those issues noted in the DEP February 15,
2002 and February 19, 2002 inspections and respective letters,
but wishes to simply document that, as a to legal matter,
the Bank's voluntary compliance does not constitut a submission
by the Bank to DEP jurisdiction.
Sincexly,
1RJ hard Prisco,
O 'fice
R al Estate and General
S rvices Department
NYC-WTC 000097972
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NYC-WTC_000097972Source: NYC Law Department, mirrored locally