Case: 24-2355, 07/02/2025, DktEntry: 60.1, Page 1 of 4
No. 24-2355
__________________________________________________________________
IN THE UNITED STATES COURT OF APPEALS
FOR THE NINTH CIRCUIT
PAYSERVICES BANK,
Plaintiff-Appellant,
v.
FEDERAL RESERVE BANK OF SAN FRANCISCO,
Defendant-Appellee.
On Appeal from the United States District Court
for the District of Idaho
No. 1:23-cv-00305-REP
Hon. Raymond E. Patricco, Jr.
JOINT STATUS REPORT
Jade A. Craig, Esq. Jonathan K. Youngwood
Jade A. Craig, P.A. Simpson Thacher & Bartlett LLP
1048 S. Clearview Avenue, #3 425 Lexington Avenue
Tampa, Florida 33629 New York, NY 10017
Telephone: (813) 459-1309 Telephone: (415) 455-3539
jade@jadeacraigpa.com jyoungwood@stblaw.com
Attorney for Appellant Attorney for Appellee Federal Reserve
PayServices Bank Bank of San Francisco
Case: 24-2355, 07/02/2025, DktEntry: 60.1, Page 2 of 4
INTRODUCTION
In the Court’s Order entered on January 24, 2025 (Docket Entry No. 52.1),
the Court directed the parties to “file a status report as to the status of the appeal by
February 27, 2025 and every 30 days thereafter until the resolution of the
administrative appeal.” In compliance with this directive, the parties state the
following:
1. Appellee Federal Reserve Bank of San Francisco (“FRBSF”) does not
have access to the Idaho Office of Administrative Hearings briefing referenced
below and has no updates or information regarding the status of PayServices’
administrative appeal. FRBSF is only aware of the below events through
PayServices’ updates herein.
2. The matter pending before the Idaho Office of Administrative Hearings
challenging the termination of PayServices’ preliminary approval has been fully
briefed as of March 21, 2025. The matter remains pending with the hearing officer.
The parties to that hearing are still awaiting a written ruling from the hearing officer.
3. Any further updates in this matter will be provided via a status report
which will be filed 30 days from today’s date.
Case: 24-2355, 07/02/2025, DktEntry: 60.1, Page 3 of 4
Date: July 2, 2025
Jade A. Craig, P.A. Simpson Thacher & Bartlett LLP
s/ Jade A. Craig______ s/ Jonathan K. Youngwood_____
Jade A. Craig Jonathan K. Youngwood
Attorney for Appellant PayServices Attorney for Appellee Federal Reserve
Bank Bank of San Francisco
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Case: 24-2355, 07/02/2025, DktEntry: 60.1, Page 4 of 4
CERTIFICATE OF FILING AND SERVICE
I hereby certify that on this 2 day of July, 2025, I electronically filed the
foregoing with the Clerk of Court for the United States Court of Appeals for the
Ninth Circuit by using the appellate CM/ECF system.
/s/ Jonathan K. Youngwood________
Jonathan K. Youngwood
Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New York, NY 10017
Telephone: (212) 455-2000
jyoungwood@stblaw.com
Attorney for Appellee Federal Reserve
Bank of San Francisco
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