The interpretation of this exception currently reflected in the interim final rules, however, would significantly disrupt the customary trust and fiduciary activities of banks and is at odds with both the language and purposes of the exception.
Real GDP growth for the year 2001 was just over 2 per cent and even if this is less than is required for robust job creation and per capita income growth, it is certainly significantly higher than the growth registered by our most important trading partners and many other economies that had been affected far more severely by the slowdown in the world economy.