Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership, 68789 [2010-28226]
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Federal Register / Vol. 75, No. 216 / Tuesday, November 9, 2010 / Notices
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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.
-----------------------------------------------------------------------
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
