Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership, 59540-59541 [E9-27593]

Download as PDF mstockstill on DSKH9S0YB1PROD with NOTICES 59540 Federal Register / Vol. 74, No. 221 / Wednesday, November 18, 2009 / Notices • Paper Filers: Parties who choose to file by paper must file an original and four copies of each filing. Filings can be sent by hand or messenger delivery, by commercial overnight courier, or by first-class or overnight U.S. Postal Service mail (although the Commission continues to experience delays in receiving U.S. Postal Service mail). All filings must be addressed to: Marlene H. Dortch, Office of the Secretary, Federal Communications Commission, 445 12th Street, SW., Washington, DC 20554. Parties must also serve one copy with the Commission’s copy contractor, Best Copy and Printing, Inc. (BCPI), Portals II, 445 12th Street, SW., Room CY–B402, Washington, DC 20554, (202) 488–5300, or via e-mail to fcc@bcpiweb.com. • The Commission’s contractor will receive hand-delivered or messengerdelivered paper filings for the Commission’s Secretary at 236 Massachusetts Avenue, NE., Suite 110, Washington, DC 20002. The filing hours at this location are 8 a.m. to 7 p.m. All hand deliveries must be held together with rubber bands or fasteners. Any envelopes must be disposed of before entering the building. • Commercial overnight mail (other than U.S. Postal Service Express Mail and Priority Mail) must be sent to 9300 East Hampton Drive, Capitol Heights, MD 20743. • U.S. Postal Service first-class, Express, and Priority mail should be addressed to 445 12th Street, SW., Washington, DC 20554. • People with Disabilities: To request materials in accessible formats for people with disabilities (Braille, large print, electronic files, audio format), send an e-mail to fcc504@fcc.gov or call the Consumer & Governmental Affairs Bureau at 202–418–0530 (voice), 202– 418–0432 (tty). Documents submitted in PS Docket No. 07–114, including each petition, will be accessible via the Commission’s ECFS (at: http://www.fcc.gov/cgb/ecfs) by listing 07–114 in the ‘‘Proceeding’’ search field. These documents also will be available for public inspection and copying during business hours at the FCC Reference Information Center, Portals II, 445 12th St., SW., Room CY A257, Washington, DC 20554. The documents may also be purchased from BCPI, telephone (202) 488–5300, facsimile (202) 488–5563, TTY (202) 488–5562, e-mail fcc@bcpiweb.com. Document DA 09–2397 can also be downloaded in Word or Portable Document Format (PDF) at: http:// www.publicsafety.fcc.gov/pshs/releases/ index.htm. VerDate Nov<24>2008 16:30 Nov 17, 2009 Jkt 220001 These matters shall be treated as ‘‘permit-but-disclose’’ proceedings in accordance with the Commission’s ex parte rules. Persons making oral ex parte presentations are reminded that memoranda summarizing such presentations must contain summaries of the substance of the presentations and not merely a listing of the subjects discussed. More than a one- or twosentence description of the views and arguments presented generally is required. Other requirements pertaining to oral and written presentations are set forth in section 1.1206(b) of the Commission’s rules. This document contains proposed new information collection requirements. The Commission, as part of its continuing effort to reduce paperwork burdens, invites the general public and the Office of Management and Budget (OMB) to comment on the information collection requirements contained in this document as required by the Paperwork Reduction Act of 1995, Public Law 104–13. In addition, the Commission notes that pursuant to the Small Business Paperwork Relief Act of 2002, Public Law 107–198, see 44 U.S.C. 3506(c)(4), we previously sought specific comment on how the Commission might ‘‘further reduce the information collection burden for small business concerns with fewer than 25 employees.’’ For further information regarding this proceeding, contact David Siehl, Public Safety and Homeland Security Bureau, (202) 418–1313, david.siehl@fcc.gov. Federal Communications Commission. Thomas J. Beers, Division Chief, Policy, Public Safety and Homeland Security Bureau. [FR Doc. E9–27666 Filed 11–17–09; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership AGENCY: Federal Deposit Insurance Corporation (FDIC). ACTION: Notice. SUMMARY: The FDIC, by its Board of Directors, has determined that insufficient assets exist in the receivership of IndyMac Bank, F.S.B., Pasadena, California and the receivership of IndyMac Federal Bank, FSB, Pasadena, California to make any distribution to general unsecured claims, and therefore such claims will recover nothing and have no value. PO 00000 Frm 00021 Fmt 4703 Sfmt 4703 DATES: The Board made its determination on November 12, 2009. FOR FURTHER INFORMATION CONTACT: If you have questions regarding this notice, contact Thomas P. Bolt, Counsel, Legal Division, (703) 562–2046 or tbolt@fdic.gov; Shane Kiernan, Senior Attorney, Legal Division, 703) 562–2632 or skiernan@fdic.gov, FDIC, 3501 N. Fairfax Drive, Arlington, VA 22226 On July 11, 2008, IndyMac Bank, F.S.B., Pasadena, California (‘‘IndyMac Bank’’) (FIN # 10007) was closed by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation (‘‘FDIC’’) was appointed as its receiver. In complying with its statutory duty to resolve the institution in the method that is least costly to the deposit insurance fund (see 12 U.S.C. 1823(c)(4)), the FDIC effected a passthrough receivership. Accordingly, the FDIC organized IndyMac Federal Bank, FSB, Pasadena, California (‘‘IndyMac Federal’’), a new federal savings bank for which the FDIC was appointed as conservator. IndyMac Bank’s assets were transferred to IndyMac Federal under an agreement whereby the amount (if any) realized from the final resolution of IndyMac Federal after payment in full of IndyMac Federal’s obligations was to be paid to the IndyMac Bank receivership. On March 19, 2009, IndyMac Federal was placed in receivership and substantially all of its assets were sold. The amount realized from the resolution of IndyMac Federal is insufficient to pay all of its liabilities, and therefore there will be no amount to pay to the IndyMac Bank receivership. Section 11(d)(11)(A) of the FDI Act, 12 U.S.C. 1821(d)(11)(A), sets forth the order of priority for distribution of amounts realized from the liquidation or other resolution of an insured depository institution to pay claims. Under the statutory order of priority, administrative expenses and deposit liabilities must be paid in full before any distribution may be made to general unsecured creditors or any lower priority claims. The FDIC has determined that the assets of IndyMac Bank are insufficient to make any distribution on general unsecured claims and therefore, such claims, asserted or unasserted, will recover nothing and have no value. The FDIC has also determined that the assets of IndyMac Federal are insufficient to make any distribution on general unsecured claims and therefore, such claims, asserted or unasserted, will recover nothing and have no value. SUPPLEMENTARY INFORMATION: E:\FR\FM\18NON1.SGM 18NON1 Federal Register / Vol. 74, No. 221 / Wednesday, November 18, 2009 / Notices Dated at Washington, DC, this 12th day of November, 2009. By Order of the FDIC Board of Directors. Federal Deposit Insurance Corporation. Valerie J. Best, Assistant Executive Secretary. [FR Doc. E9–27593 Filed 11–17–09; 8:45 am] BILLING CODE 6714–01–P FEDERAL ELECTION COMMISSION Sunshine Act Notices Federal Election Commission. Tuesday, November 17, 2009, at 10 a.m. PLACE: 999 E Street, NW., Washington, DC. STATUS: This meeting will be closed to the public. ITEMS TO BE DISCUSSED: Compliance matters pursuant to 2 U.S.C. 437g. Audits conducted pursuant to 2 U.S.C. 437g, 438(b), and Title 26, U.S.C. Matters concerning participation in civil actions or proceedings or arbitration. Internal personnel rules and procedures or matters affecting a particular employee. PERSON TO CONTACT FOR INFORMATION: Judith Ingram, Press Officer, Telephone: (202) 694–1220. AGENCY: DATE AND TIME: Mary W. Dove, Secretary of the Commission. [FR Doc. E9–27549 Filed 11–17–09; 8:45 am] BILLING CODE 6715–01–M FEDERAL RESERVE SYSTEM mstockstill on DSKH9S0YB1PROD with NOTICES Sunshine Act Meeting AGENCY HOLDING THE MEETING: Board of Governors of the Federal Reserve System. TIME AND DATE: 11:30 a.m., Monday, November 23, 2009. PLACE: Marriner S. Eccles Federal Reserve Board Building, 20th and C Streets, N.W., Washington, D.C. 20551. STATUS: Closed. MATTERS TO BE CONSIDERED: 1. Personnel actions (appointments, promotions, assignments, reassignments, and salary actions) involving individual Federal Reserve System employees. 2. Any items carried forward from a previously announced meeting. FOR FURTHER INFORMATION CONTACT: Michelle Smith, Director, or Dave Skidmore, Assistant to the Board, Office of Board Members at 202–452–2955. VerDate Nov<24>2008 16:30 Nov 17, 2009 Jkt 220001 You may call 202–452–3206 beginning at approximately 5 p.m. two business days before the meeting for a recorded announcement of bank and bank holding company applications scheduled for the meeting; or you may contact the Board’s Web site at http:// www.federalreserve.gov for an electronic announcement that not only lists applications, but also indicates procedural and other information about the meeting. SUPPLEMENTARY INFORMATION: Board of Governors of the Federal Reserve System, November 13, 2009. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E9–27695 Filed 11–16–09; 11:15 am] BILLING CODE 6210–01–S FEDERAL MARITIME COMMISSION Notice of Agreement Filed The Commission hereby gives notice of the filing of the following agreement under the Shipping Act of 1984. Interested parties may submit comments on the agreement to the Secretary, Federal Maritime Commission, Washington, DC 20573, within ten days of the date this notice appears in the Federal Register. Copies of the agreement are available through the Commission’s Web site (http:// www.fmc.gov) or by contacting the Office of Agreements at (202)-523–5793 or tradeanalysis@fmc.gov. Agreement No.: 011223–044. Title: Transpacific Stabilization Agreement. Parties: American President Lines, Ltd. and APL Co. PTE Ltd.; (operating as a single carrier); China Shipping Container Lines (Hong Kong) Company Limited and China Shipping Container Lines Company Limited (operating as a single carrier); CMA CGM, S.A.; COSCO Container Lines Company Ltd; Evergreen Line Joint Service Agreement; Hanjin Shipping Co., Ltd.; Hapag-Lloyd AG; Hyundai Merchant Marine Co., Ltd.; Kawasaki Kisen Kaisha Ltd.; Mediterranean Shipping Company; Nippon Yusen Kaisha; Orient Overseas Container Line Limited; Yangming Marine Transport Corp.; and Zim Integrated Shipping Services, Ltd. Filing Party: David F. Smith, Esq.; Sher & Blackwell LLP; 1850 M Street, NW.; Suite 900; Washington, DC 20036. Synopsis: The amendment adds A.P. Moller-Maersk A/S as a party to the agreement. Dated: November 13, 2009. PO 00000 Frm 00022 Fmt 4703 Sfmt 4703 59541 By Order of the Federal Maritime Commission. Tanga S. FitzGibbon, Assistant Secretary. [FR Doc. E9–27647 Filed 11–17–09; 8:45 am] BILLING CODE 6730–01–P FEDERAL MARITIME COMMISSION Ocean Transportation Intermediary License Applicants Notice is hereby given that the following applicants have filed with the Federal Maritime Commission an application for license as a Non-VesselOperating Common Carrier and Ocean Freight Forwarder—Ocean Transportation Intermediary pursuant to section 19 of the Shipping Act of 1984 as amended (46 U.S.C. Chapter 409 and 46 CFR 515). Persons knowing of any reason why the following applicants should not receive a license are requested to contact the Office of Transportation Intermediaries, Federal Maritime Commission, Washington, DC 20573. Non-Vessel-Operating Common Carrier Ocean Transportation Intermediary Applicants Ship Beyond, Inc., 263 E. Redondo Beach Blvd., Gardena, CA 90245. Officer: Jimmy Lee, President (Qualifying Individual) Seafair International Logistics, LLC, 910 W. Philips Street, #220, Ontario, CA 91762. Officers: Hengyi (Kelvin) Gu, Manager (Qualifying Individual), Tao Lu, Member Daudry Business Group, Corp., dba Adam Logistics, 6713 NW 84th Ave., Miami, FL 33166. Officer: Darcy G. Perez, President (Qualifying Individual) Inter-American Movers and Forwarders, LLC, 3032 N.W. 72nd Avenue, Miami, FL 33122. Officers: Terence A. Rignault, Director (Qualifying Individual), Alejandro Jerez, Managing Member Non-Vessel-Operating Common Carrier and Ocean Freight Forwarder Transportation Intermediary Applicants The Ultimate Freight Management & Logistics, Inc., 9215 Hall Road, Downey, CA 90241. Officers: Charles Chen, President (Qualifying Individual), Yi Li, CFO Royalty Logistics, Inc., 6356 NW 99 Ave., Miami, FL 33178. Officers: Doumit Shmouni, President (Qualifying Individual), Diane Aboukhalil, Secretary Prime Movers Inc., 242 South Coastal Highway 17, Midway, GA 31320. E:\FR\FM\18NON1.SGM 18NON1

Agencies

[Federal Register Volume 74, Number 221 (Wednesday, November 18, 2009)]
[Notices]
[Pages 59540-59541]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-27593]


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FEDERAL DEPOSIT INSURANCE CORPORATION


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

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice.

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SUMMARY: The FDIC, by its Board of Directors, has determined that 
insufficient assets exist in the receivership of IndyMac Bank, F.S.B., 
Pasadena, California and the receivership of IndyMac Federal Bank, FSB, 
Pasadena, California to make any distribution to general unsecured 
claims, and therefore such claims will recover nothing and have no 
value.

DATES: The Board made its determination on November 12, 2009.

FOR FURTHER INFORMATION CONTACT: If you have questions regarding this 
notice, contact Thomas P. Bolt, Counsel, Legal Division, (703) 562-2046 
or tbolt@fdic.gov; Shane Kiernan, Senior Attorney, Legal Division, 703) 
562-2632 or skiernan@fdic.gov, FDIC, 3501 N. Fairfax Drive, Arlington, 
VA 22226

SUPPLEMENTARY INFORMATION: On July 11, 2008, IndyMac Bank, F.S.B., 
Pasadena, California (``IndyMac Bank'') (FIN  10007) was 
closed by the Office of Thrift Supervision and the Federal Deposit 
Insurance Corporation (``FDIC'') was appointed as its receiver. In 
complying with its statutory duty to resolve the institution in the 
method that is least costly to the deposit insurance fund (see 12 
U.S.C. 1823(c)(4)), the FDIC effected a pass-through receivership. 
Accordingly, the FDIC organized IndyMac Federal Bank, FSB, Pasadena, 
California (``IndyMac Federal''), a new federal savings bank for which 
the FDIC was appointed as conservator. IndyMac Bank's assets were 
transferred to IndyMac Federal under an agreement whereby the amount 
(if any) realized from the final resolution of IndyMac Federal after 
payment in full of IndyMac Federal's obligations was to be paid to the 
IndyMac Bank receivership. On March 19, 2009, IndyMac Federal was 
placed in receivership and substantially all of its assets were sold. 
The amount realized from the resolution of IndyMac Federal is 
insufficient to pay all of its liabilities, and therefore there will be 
no amount to pay to the IndyMac Bank receivership.
    Section 11(d)(11)(A) of the FDI Act, 12 U.S.C. 1821(d)(11)(A), sets 
forth the order of priority for distribution of amounts realized from 
the liquidation or other resolution of an insured depository 
institution to pay claims. Under the statutory order of priority, 
administrative expenses and deposit liabilities must be paid in full 
before any distribution may be made to general unsecured creditors or 
any lower priority claims. The FDIC has determined that the assets of 
IndyMac Bank are insufficient to make any distribution on general 
unsecured claims and therefore, such claims, asserted or unasserted, 
will recover nothing and have no value. The FDIC has also determined 
that the assets of IndyMac Federal are insufficient to make any 
distribution on general unsecured claims and therefore, such claims, 
asserted or unasserted, will recover nothing and have no value.


[[Page 59541]]


    Dated at Washington, DC, this 12th day of November, 2009.

    By Order of the FDIC Board of Directors.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. E9-27593 Filed 11-17-09; 8:45 am]
BILLING CODE 6714-01-P