Case: 24-2355, 08/21/2026, DktEntry: 94.1, (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
260 Logan Lee Loop 425 Lexington Avenue
Oxford, MS 38655 New York, NY 10017
Telephone: (813) 459-1309 Telephone: (212) 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, 08/21/2026, DktEntry: 94.1, (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 does not have access
to the filings referenced below and is only aware of the below events through
PayServices Bank’s (“PayServices”) updates herein.
2. The Idaho Department of Finance timely filed an answer to
PayServices’ petition for Contested Case Hearing and Appeal.
3. The parties have exchanged several prehearing motions in preparation
for the hearing, which remains scheduled for September 9-10, 2026 in Boise, Idaho.
4. A prehearing conference is scheduled for September 1, 2026, with
witness and exhibit disclosures due August 27, 2026.
5. 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, 08/21/2026, DktEntry: 94.1, (3 of 4)
Date: August 21, 2026
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, 08/21/2026, DktEntry: 94.1, (4 of 4)
CERTIFICATE OF FILING AND SERVICE
I hereby certify that on this 21st day of August, 2026, 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) 455-3539
jyoungwood@stblaw.com
Attorney for Appellee Federal Reserve
Bank of San Francisco
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