Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership, 68789 [2010-28226]

Download as PDF Federal Register / Vol. 75, No. 216 / Tuesday, November 9, 2010 / Notices Frequency of Response: On occasion, biennial, and other reporting requirements. Total Annual Burden: 2,636. Total Annual Cost: $1,581,600. Obligation to Respond: Required to obtain or retain benefits. The statutory authority for this collection is contained in Sections 154(i), 308 and 310 of the Communications Act of 1934, as amended. Nature and Extent of Confidentiality: There is no need for confidentiality with this collection of information. Privacy Impact Assessment(s): No impact(s). Needs and Uses: Each licensee/ permittee of a noncommercial FM and TV broadcast station is required to file an Ownership Report for Noncommercial Educational Broadcast Station, FCC Form 323–E, within 30 days of the date of grant by the FCC of an application for an original construction permit. In addition, licensee must file FCC Form 323–E biennially on the anniversary of the application filing date for the station license renewal. Each licensee with a current, unmodified FCC Form 323–E on file with the Commission may electronically review its current Report, validate its accuracy, and be relieved of the obligation to file a new Biennial Ownership Report. The FCC 323–E must also be filed within 30 days of consummating authorized assignments or transfers of permits and licenses. Federal Communications Commission. Marlene H. Dortch, Secretary. [FR Doc. 2010–28285 Filed 11–8–10; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership Federal Deposit Insurance Corporation (FDIC). ACTION: Notice. AGENCY: The FDIC has determined that insufficient assets exist in the receivership of BankUnited, FSB, Coral Gables, Florida, 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 November 2, 2010. FOR FURTHER INFORMATION CONTACT: If you have questions regarding this notice, you may contact an FDIC Claims wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1 SUMMARY: VerDate Mar<15>2010 15:18 Nov 08, 2010 Jkt 223001 Agent at (972) 761–8677. Written correspondence may also be mailed to FDIC as Receiver of BankUnited, FSB, Attention: Claims Agent, 1601 Bryan Street, Dallas, Texas 75201. SUPPLEMENTARY INFORMATION: On May 21, 2009, BankUnited, FSB, Coral Gables, Florida, (FIN # 10061) was closed by the Office of Thrift Supervision, and the Federal Deposit Insurance Corporation (‘‘FDIC’’) was appointed as its receiver (‘‘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 a newly chartered Federal savings bank, BankUnited, Coral Gables, Florida, to acquire most of the assets and liabilities of the failed institution. 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. As of June 30, 2010, the value of assets available for distribution by the Receiver, together with all expected recovery sources, including recoveries on claims against directors, officers, and other professionals, claims in bankruptcy, and refunds of Federal and State taxes, was $4,321,339,716. As of the same date, administrative expenses and depositor liabilities equaled $8,120,876,686, exceeding available assets by $3,799,536,970. Accordingly, the FDIC has determined that insufficient assets exist to make any distribution on general unsecured creditor claims (and any lower priority claims) and therefore all such claims, asserted or unasserted, will recover nothing and have no value. Dated: November 4, 2010. Robert E. Feldman, Executive Secretary. [FR Doc. 2010–28226 Filed 11–8–10; 8:45 am] BILLING CODE 6714–01–P FEDERAL ELECTION COMMISSION Sunshine Act Notices Federal Election Commission. & TIME: Thursday, November 4, 2010, at 10 a.m. AGENCY: DATE PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 68789 999 E Street, NW., Washington, DC (Ninth Floor) STATUS: This meeting will be open to the public. ITEMS TO BE DISCUSSED: Correction and Approval of Minutes for the Meetings of September 23 and October 7, 2010. Draft Advisory Opinion 2010–23: CTIA—The Wireless Association by its counsel, Jan Witold Baran, Esq. and Caleb P. Burns, Esq. of Wiley Rein LLP. Management and Administrative Matters. Individuals who plan to attend and require special assistance, such as sign language interpretation or other reasonable accommodations, should contact Lisa Chapman, Recording Secretary, at (202) 694–1040, at least 72 hours prior to the hearing date. PERSON TO CONTACT FOR INFORMATION: Judith Ingram, Press Officer, Telephone: (202) 694–1220. PLACE: Signed: Shawn Woodhead Werth, Secretary and Clerk of the Commission. [FR Doc. 2010–28223 Filed 11–8–10; 8:45 am] BILLING CODE 6715–01–M FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The application also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. E:\FR\FM\09NON1.SGM 09NON1

Agencies

[Federal Register Volume 75, Number 216 (Tuesday, November 9, 2010)]
[Notices]
[Page 68789]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-28226]


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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 BankUnited, FSB, Coral Gables, Florida, 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 November 2, 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 BankUnited, 
FSB, Attention: Claims Agent, 1601 Bryan Street, Dallas, Texas 75201.

SUPPLEMENTARY INFORMATION: On May 21, 2009, BankUnited, FSB, Coral 
Gables, Florida, (FIN  10061) was closed by the Office of 
Thrift Supervision, and the Federal Deposit Insurance Corporation 
(``FDIC'') was appointed as its receiver (``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 a newly chartered 
Federal savings bank, BankUnited, Coral Gables, Florida, to acquire 
most of the assets and liabilities of the failed institution.
    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.
    As of June 30, 2010, the value of assets available for distribution 
by the Receiver, together with all expected recovery sources, including 
recoveries on claims against directors, officers, and other 
professionals, claims in bankruptcy, and refunds of Federal and State 
taxes, was $4,321,339,716. As of the same date, administrative expenses 
and depositor liabilities equaled $8,120,876,686, exceeding available 
assets by $3,799,536,970. Accordingly, the FDIC has determined that 
insufficient assets exist to make any distribution on general unsecured 
creditor claims (and any lower priority claims) and therefore all such 
claims, asserted or unasserted, will recover nothing and have no value.

    Dated: November 4, 2010.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2010-28226 Filed 11-8-10; 8:45 am]
BILLING CODE 6714-01-P
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