Determination of Insufficient Assets To Satisfy All Claims of Financial Institution in Receivership, 1443-1444 [E5-31]

Download as PDF 1443 Federal Register / Vol. 70, No. 5 / Friday, January 7, 2005 / Notices Control Strategy and a requirement of Healthy People 2010 supporting the President’s pledge to reduce America’s drug use by 25 percent in five years through building community capacity to prevent substance abuse among our nation’s youth. The DFC has two primary goals: (1) Reduce substance abuse among youth by addressing local risk and protective factors to minimize the likelihood of subsequent substance abuse in the community; and (2) support community anti-drug coalitions in becoming self-sufficient by establishing, strengthening, and fostering collaboration among public and private nonprofit agencies, as well information for both ONDCP and the National Evaluation. The Evaluation Questionnaire will be used on an annual basis and will answer evaluation questions that are not appropriate for the Monitoring and Tracking instrument. The Typology Classification Questionnaire will be used on an annual basis to classify respondents into a coalition typology developed by the evaluation contractor. Frequency: Quarterly and annually; Affected Public: Anti-Drug Coalitions; Type of Respondents: Directors of Anti-Drug Coalitions or their designees; Estimated annual burden is as follows: as federal, state, local, and tribal governments to prevent and reduce substance abuse. A National Evaluation of the DFC Support Program commenced in September 2004 to assess the program’s implementation and effectiveness. The major purpose of the DFC Support Program National Evaluation is to design and implement a rigorous evaluation and to support an effective grant monitoring and tracking system. The National Evaluation will make use of three separate collection instruments to gather information. The Monitoring and Tracking Questionnaire will serve as a quarterly report for the DFC grantees, and will provide Estimated number of responses per respondent Estimated number of respondents Type of respondents Average burden per response (in hours) Total annual burden (in hours) Instrument: Monitoring and Tracking Questionnaire (Quarterly Report) DFC Grantee Program Directors ..................................................................... 714 4 1.5 1.0 4284 714 Instrument: Evaluation Questionnaire DFC Grantee Program Directors ..................................................................... 1 Instrument: Typology Classification Questionnaire DFC Grantee Program Directors ..................................................................... 714 1 1.5 1071 Total .......................................................................................................... ........................ ........................ ........................ 6069 The only cost to respondents is time they spend completing the questionnaire(s). Data collected from grantees will be made available to them for planning, implimentation, and evaluation purposes. There are no Capital Costs to report. There are no Operating or Maintenance Costs to report. Request for Comments: Written comments and/or recommendations from the public and affected entities are invited on one or more of the following points: (1) Whether the proposed collection of information is necessary for the proper performance of the functions of the DFC program, including whether the information will have practical utility; (2) the accuracy of the agency’s estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) ways to minimize the burden of the collection of information those who are able to respond, including the use of appropriate automated, electronic, mechanical, or other technological collection VerDate jul<14>2003 18:03 Jan 06, 2005 Jkt 205001 techniques or other forms of information technology. Comment Deadline: Comments regarding these proposed information collections must be mailed and/or faxed to the designee listed below, within 60days of the date of this publication: Executive Office of the President, Office of National Drug Control Policy, Drug Free Communities Support Program, Attention: Keri-Lyn Coleman, MSW, Acting DFCSP Administrator, Washington, DC 20503. Fax number: 202–395–6641. FOR FURTHER INFORMATION CONTACT: To request more information on the proposed information collections or to obtain a copy of the information collection plans and/or instruments, contact Keri-Lyn Coleman, MSW, Acting DFCSP Administrator, Executive Office of the President, Office of National Drug Control Policy, Washington DC 20503, or call non-toll free number 202–395–6762 or e-mail your request to: KeriLyn_S._Coleman@ondcp.eop.gov. PO 00000 Frm 00036 Fmt 4703 Sfmt 4703 Dated: January 3, 2005. Norman R. Deck, Assistant Deputy Director, Office of National Drug Control Policy. [FR Doc. 05–323 Filed 1–6–05; 8:45 am] BILLING CODE 3180–02–P FEDERAL DEPOSIT INSURANCE CORPORATION Determination of Insufficient Assets To Satisfy All Claims of Financial Institution in Receivership ACTION: Notice. SUMMARY: The Federal Deposit Insurance Corporation (FDIC) has determined that the proceeds that can be realized from the liquidation of assets of the receivership listed in SUPPLEMENTARY INFORMATION are insufficient to wholly satisfy the priority claims of depositors against the receivership estate. Therefore, upon satisfaction of secured claims, depositor claims, and claims which have priority over depositors under applicable law, no amount will remain or will be recovered sufficient to allow a dividend, E:\FR\FM\07JAN1.SGM 07JAN1 1444 Federal Register / Vol. 70, No. 5 / Friday, January 7, 2005 / Notices distribution, or payment to any creditor of lesser priority, including but not limited to claims of general creditors. Any such claims are hereby determined to be worthless. FOR FURTHER INFORMATION CONTACT: Thomas Bolt, Counsel, Legal Division, FDIC, 550 17th Street, NW., Room H– 11052, Washington, DC 20429. Telephone: (202) 736–0168. SUPPLEMENTARY INFORMATION: Financial Institution in Receivership Determined To Have Insufficient Assets to Satisfy All Claims, FIN 4662, Pulaski Savings Bank, Philadelphia, Pennsylvania. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. E5–31 Filed 1–6–05; 8:45 am] BILLING CODE 6714–01–P FEDERAL HOUSING FINANCE BOARD [No. 2004–N–13] Notice of Annual Adjustments AGENCY: Federal Housing Finance Board. ACTION: Notice. The Federal Housing Finance Board (Finance Board) has adjusted the cap on average total assets that defines a ‘‘Community Financial Institution’’ (CFI) and the limits on annual compensation for Federal Home Loan Bank (Bank) directors based on the annual percentage increase in the Consumer Price Index for all urban consumers (CPI–U), as published by the U.S. Department of Labor (DOL). The Finance Board also has made similar adjustments to the maximum dollar limits on certain allocations by a Bank of its annual required Affordable Housing Program (AHP) contributions. FOR FURTHER INFORMATION CONTACT: Scott L. Smith, Associate Director, by telephone at (202) 408–2991 or by electronic mail at smiths@fhfb.gov, or Mark Edward Stover, Senior Economist, by telephone at (202) 408–2828 or by electronic mail at stoverm@fhfb.gov. Send regular mail to the Federal Housing Finance Board, Office of Supervision, Regulations and Research, 1777 F Street, NW., Washington, DC 20006. SUMMARY: The Bank Act and Finance Board regulations require publication of annual adjustments to the following dollar amounts, based on any increase in the CPI–U, as published by the DOL: SUPPLEMENTARY INFORMATION: VerDate jul<14>2003 18:03 Jan 06, 2005 Jkt 205001 • The cap on average total assets that defines a CFI (CFI Asset Cap). See 12 U.S.C. 1422(13) and 12 CFR 925.1. • The limits on annual compensation for Bank directors. See 12 U.S.C. 1427(i)(2) and 12 CFR 918.3(a). • Maximum dollar limits allocations by a Bank of its annual required AHP contributions towards homeownership set-aside programs and an additional homeownership set-aside program assisting first-time homebuyers, and from its annual required AHP contribution for the subsequent year to the current year’s competitive application program. See 12 CFR 951.3(a)(1)–(2). These annual adjustments, which are effective January 1, 2005, are based on the percentage increase in the CPI–U from November 2003 to November 2004. The CPI–U increased 3.5 percent from November 2003 to November 2004. The Finance Board uses data from November rather than waiting for the December data, which is published in mid-January, in order to provide notice to the Banks as close to the January 1st effective date as possible. This is consistent with the practice of other Federal agencies that rely on other than December data when calculating annual inflation adjustments so they can announce their adjustments prior to the effective date of January 1. The Finance Board also uses data that has not been seasonally adjusted. The DOL encourages the use of CPI–U data that has not been seasonally adjusted in ‘‘escalation agreements’’ because seasonal factors are updated annually and seasonally adjusted data are subject to revision for up to five years following the original release. Unadjusted data are not routinely subject to revision, and previously published unadjusted data are corrected only when significant calculation errors are discovered. Based on the 3.5 percent increase in the CPI–U, the Finance Board has made the following adjustments, effective January 1, 2005: • CFI Asset Cap. The CFI Asset Cap increased to $567 million (2004 limit was $548 million). The Finance Board arrived at the adjusted limit of $567 million by rounding to the nearest million.1 • Bank Director Compensation. The annual compensation limits for Bank directors increased for a chairperson to $28,364 (2004 limit was $27,405), for a vice-chairperson to $22,692 (2004 limit was $21,924), and for all other board members to $17,019 (2004 limit was $16,443). The Finance Board arrived at these adjusted annual compensation PO 00000 Frm 00037 Fmt 4703 Sfmt 4703 limits by rounding to the nearest dollar.1 • AHP. The limit on contributions towards homeownership set-aside programs increased to $3.2 million (2004 limit was $3.1 million). The limit on contributions towards an additional first-time homebuyer set-aside program remains at $1.6 million. The limit on allocations from a Bank’s annual required AHP contribution for the subsequent year to the current year’s competitive application program increased to $3.2 million (2004 limit was $3.1 million). The limits on allocations from AHP contributions are rounded to the nearest $100,000.1 Dated: December 30, 2004. By the Federal Housing Finance Board. Ronald A. Rosenfeld, Chairman. [FR Doc. 05–305 Filed 1–6–05; 8:45 am] BILLING CODE 6725–01–P OFFICE OF GOVERNMENT ETHICS Proposed Collection; Comment Request for Unmodified Qualified Trust Model Certificates and Model Trust Documents AGENCY: Office of Government Ethics (OGE). ACTION: Notice. SUMMARY: After this first round notice and public comment period, OGE plans to submit the executive branch qualified trust model certificates and model trust documents to the Office of Management and Budget (OMB) for two-year extension of approval under the Paperwork Reduction Act. In all, a total of twelve OGE model certificates and model documents for qualified trusts are involved. OGE is proposing no changes to these forms. DATES: Comments by the public and agencies on this proposed information collection extension are invited and should be received by March 23, 2005. ADDRESSES: Comments should be sent to: Mary T. Donovan, Office of Administration and Information Management, U.S. Office of Government Ethics, Suite 500, 1201 New York Avenue, NW., Washington, DC 20005– 3917. Comments may also be sent electronically to OGE’s E-mail address at usoge@oge.gov (for E-mail messages, the subject line should include the following reference—‘‘Qualified trust 1 Since the calculations are based on cumulative CPI–U changes applied to the limits as they first appeared in Finance Board regulations, the changes are not distorted over time by rounding. E:\FR\FM\07JAN1.SGM 07JAN1

Agencies

[Federal Register Volume 70, Number 5 (Friday, January 7, 2005)]
[Notices]
[Pages 1443-1444]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-31]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Determination of Insufficient Assets To Satisfy All Claims of 
Financial Institution in Receivership

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Federal Deposit Insurance Corporation (FDIC) has 
determined that the proceeds that can be realized from the liquidation 
of assets of the receivership listed in SUPPLEMENTARY INFORMATION are 
insufficient to wholly satisfy the priority claims of depositors 
against the receivership estate. Therefore, upon satisfaction of 
secured claims, depositor claims, and claims which have priority over 
depositors under applicable law, no amount will remain or will be 
recovered sufficient to allow a dividend,

[[Page 1444]]

distribution, or payment to any creditor of lesser priority, including 
but not limited to claims of general creditors. Any such claims are 
hereby determined to be worthless.

FOR FURTHER INFORMATION CONTACT: Thomas Bolt, Counsel, Legal Division, 
FDIC, 550 17th Street, NW., Room H-11052, Washington, DC 20429. 
Telephone: (202) 736-0168.

SUPPLEMENTARY INFORMATION: Financial Institution in Receivership 
Determined To Have Insufficient Assets to Satisfy All Claims, FIN 4662, 
Pulaski Savings Bank, Philadelphia, Pennsylvania.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E5-31 Filed 1-6-05; 8:45 am]
BILLING CODE 6714-01-P
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