Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership, 45114 [2010-18819]

Download as PDF 45114 Federal Register / Vol. 75, No. 147 / Monday, August 2, 2010 / Notices Federal Communications Commission. Bulah P. Wheeler, Acting Associate Secretary, Office of the Secretary, Office of Managing Director. [FR Doc. 2010–18864 Filed 7–30–10; 8:45 am] BILLING CODE 6712–01–S FEDERAL DEPOSIT INSURANCE CORPORATION such claims will recover nothing and have no value. DATES: The FDIC made its determination on July 26, 2010. FOR FURTHER INFORMATION CONTACT: If you have questions regarding this notice, you may contact an FDIC Claims Agent at (972) 761–8677. Written correspondence may also be mailed to FDIC as Receiver of Downey Savings and Loan Association, F.A., Attention: Claims Agent, 1601 Bryan Street, Dallas, Texas 75201. SUPPLEMENTARY INFORMATION: On November 21, 2008, Downey Savings and Loan Association, F.A., Newport Beach, California (FIN #10023), 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 facilitated a transaction with U.S. Bank, National Association, Minneapolis, Minnesota, to acquire the deposits and most of the assets of the failed institution. Section 11(d)(11)(A) of the Federal Deposit Insurance 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 Downey Savings and Loan, F.A. are insufficient to make any distribution on general unsecured claims and therefore such claims, asserted or unasserted, will recover nothing and have no value. Dated: July 27, 2010. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. Privacy Act Impact Assessment: N/A. Nature and Extent of Confidentiality: There is no need for confidentiality. Needs and Uses: The Commission will submit this revised information collection to the Office of Management and Budget (OMB) during this comment period to obtain the full three year clearance from them. The Commission has reduced the annual burden hours by 200,003 hours (78,573 hours program change reduction and 121,430 hours adjusted due to recalculations of the burden estimates) since this was last submitted to OMB. The Commission is revising this collection in an effort to streamline the application process for the federal universal service schools and libraries support mechanism (also referred to as the ‘‘E–rate’’ program) and to remove outdated and unneeded questions. We propose revising the forms by removing questions that were originally intended to assist service providers but are no longer useful; and by removing questions that are outside the scope of the information needed for the Universal Service Administrative Company (USAC), the administrator of the federal universal service fund and to process E–rate applications. We further proposed limiting data collection to information that is not already available through other USAC forms or review processes. Finally, applicants will be required to include their FCC Registration Number (FRN) and consultants must provide their contact information, when applicable, on FCC Forms 470 and 471. receivership of PFF Bank & Trust, Pomona, California, to make any distribution to general unsecured claims, and therefore such claims will recover nothing and have no value. DATES: The FDIC made its determination on July 26, 2010. FOR FURTHER INFORMATION CONTACT: If you have questions regarding this notice, you may contact an FDIC Claims Agent at (972) 761–8677. Written correspondence may also be mailed to FDIC as Receiver of PFF Bank & Trust, Attention: Claims Agent, 1601 Bryan Street, Dallas, Texas 75201. SUPPLEMENTARY INFORMATION: On November 21, 2008, PFF Bank & Trust, Pomona, California, (FIN # 10024) 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 facilitated a transaction with U.S. Bank, National Association, Minneapolis, Minnesota, to acquire the deposits and most of the assets of the failed institution. Section 11(d)(11)(A) of the Federal Deposit Insurance 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 PFF Bank & Trust are insufficient to make any distribution on general unsecured claims and therefore such claims, asserted or unasserted, will recover nothing and have no value. Dated: July 27, 2010. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2010–18818 Filed 7–30–10; 8:45 am] BILLING CODE 6714–01–P BILLING CODE 6714–01–P Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership FEDERAL DEPOSIT INSURANCE CORPORATION Federal Deposit Insurance Corporation (FDIC). ACTION: Notice. Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership erowe on DSK5CLS3C1PROD with NOTICES AGENCY: The FDIC has determined that insufficient assets exist in the receivership of Downey Savings and Loan Association, F.A., Newport Beach, California, to make any distribution to general unsecured claims, and therefore SUMMARY: VerDate Mar<15>2010 15:04 Jul 30, 2010 Jkt 220001 Federal Deposit Insurance Corporation (FDIC). ACTION: Notice. AGENCY: The FDIC has determined that insufficient assets exist in the SUMMARY: PO 00000 Frm 00028 Fmt 4703 [FR Doc. 2010–18819 Filed 7–30–10; 8:45 am] Sfmt 4703 FEDERAL TRADE COMMISSION [File No. 072 3121] Rite Aid Corporation; Analysis of Proposed Consent Order to Aid Public Comment Federal Trade Commission. Proposed Consent Agreement. AGENCY: ACTION: The consent agreement in this matter settles alleged violations of SUMMARY: E:\FR\FM\02AUN1.SGM 02AUN1

Agencies

[Federal Register Volume 75, Number 147 (Monday, August 2, 2010)]
[Notices]
[Page 45114]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-18819]


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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 has determined that insufficient assets exist in the 
receivership of PFF Bank & Trust, Pomona, California, to make any 
distribution to general unsecured claims, and therefore such claims 
will recover nothing and have no value.

DATES: The FDIC made its determination on July 26, 2010.

FOR FURTHER INFORMATION CONTACT: If you have questions regarding this 
notice, you may contact an FDIC Claims Agent at (972) 761-8677. Written 
correspondence may also be mailed to FDIC as Receiver of PFF Bank & 
Trust, Attention: Claims Agent, 1601 Bryan Street, Dallas, Texas 75201.

SUPPLEMENTARY INFORMATION: On November 21, 2008, PFF Bank & Trust, 
Pomona, California, (FIN  10024) 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 facilitated a transaction with U.S. Bank, National Association, 
Minneapolis, Minnesota, to acquire the deposits and most of the assets 
of the failed institution. Section 11(d)(11)(A) of the Federal Deposit 
Insurance 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 PFF Bank & Trust are 
insufficient to make any distribution on general unsecured claims and 
therefore such claims, asserted or unasserted, will recover nothing and 
have no value.

    Dated: July 27, 2010.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2010-18819 Filed 7-30-10; 8:45 am]
BILLING CODE 6714-01-P