(a) An institution-affiliated
party who is suspended or removed from office or prohibited from participation
in the institution’s affairs may request an informal hearing within
30 days of service of the notice or order. The request shall be filed
in writing with the Secretary, Board of Governors of the Federal Reserve
System, Washington, DC 20551. The request shall state with articularity
the relief desired and the grounds therefor and shall include, when
available, supporting evidence in the form of affidavits. If the institution-affiliated
party desires to present oral testimony or witnesses at the hearing,
the institution-affiliated party must include a request to do so with
the request for informal hearing. The request to present oral testimony
or witnesses shall specify the names of the witnesses and the general
nature of their expected testimony.
