Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership, 18551-18552 [2011-7797]
Download as PDF
Federal Register / Vol. 76, No. 64 / Monday, April 4, 2011 / Notices
Emcdonald on DSK2BSOYB1PROD with NOTICES
Number of Respondents and
Responses: 200 respondents; 280
responses.
Estimated Time Per Response: 4
hours.
Frequency of Response: On occasion
reporting requirement and
recordkeeping requirement.
Obligation to Respond: Required to
obtain or retain benefits. Statutory
authority for this information collection
is contained in 47 U.S.C. 154, 302 and
303.
Total Annual Burden: 1,120 hours.
Total Annual Cost: $18,000.
Privacy Act Impact Assessment: N/A.
Nature and Extent of Confidentiality:
Applicants may request that any
information supplied be withheld from
public inspection pursuant to 47 CFR
0.459 of the Commission’s rules. This
request must be justified under 47 CFR
0.447 of the Commission’s rules.
Needs and Uses: The Commission
will submit this expiring collection to
the Office of Management and Budget
(OMB) after this comment period to
obtain the three year clearance from
them. There is no change in the
Commission’s burden hour estimate or
annual cost estimate. The Commission
is seeking OMB approval for an
extension (no change in the reporting
and/or recordkeeping requirements).
Part 5 allows for operations not
covered under other FCC rule parts,
such as research and development,
testing prior to equipment
authorization, and limited market
studies of experimental services/
products. Applicants are generally
electronic equipment manufacturers.
Applicants who apply for a FCC license
to operate a new or modified
experimental radio station are required
to complete and file FCC Form 442.
The FCC will use the information to
determine if the applicant is eligible for
an experimental license, to comply with
the requirements of Part 5 of the
Commission’s rules and if the proposed
operation will cause interference to
existing operations.
Federal Communications Commission.
Gloria Miles,
Federal Register Liaison,
Office of the Secretary,
Office of Managing Director.
[FR Doc. 2011–7909 Filed 4–1–11; 8:45 am]
BILLING CODE 6712–01–P
VerDate Mar<15>2010
18:47 Apr 01, 2011
Jkt 223001
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 United Commercial
Bank, San Francisco, 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 March 24, 2011.
FOR FURTHER INFORMATION CONTACT: If
you have questions regarding this
notice, you may contact an FDIC Claims
Agent at (949) 208–6200. Written
correspondence may also be mailed to
FDIC as Receiver of United Commercial
Bank, Attention: Claims Agent, 40
Pacifica, 8th Floor, Irvine, California
92618.
SUMMARY:
On
November 6, 2009, United Commercial
Bank, San Francisco, California, (FIN
#10147) was closed by the California
Department of Financial Institutions,
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 East West Bank,
Pasadena, California, 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.
As of December 31, 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 $2,555,907,701. As of
the same date, administrative expenses
and depositor liabilities equaled
SUPPLEMENTARY INFORMATION:
PO 00000
Frm 00042
Fmt 4703
Sfmt 4703
18551
$4,889,458,384, exceeding available
assets by $2,333,550,683. 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: March 29, 2011.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2011–7796 Filed 4–1–11; 8:45 am]
BILLING CODE 6714–01–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 Miami Valley Bank,
Lakeview, Ohio, 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 March 28, 2011.
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 Miami Valley Bank,
Attention: Claims Agent, 1601 Bryan
Street, Dallas, Texas 75201.
SUPPLEMENTARY INFORMATION:
On October 4, 2007, Miami Valley
Bank, Lakeview, Ohio, (FIN #10002)
was closed by the Department of
Financial Institutions for the State of
Ohio, 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 The
Citizens Banking Company, Sandusky,
Ohio, to assume the insured deposits of
the failed institution, while retaining
the remaining assets of the bank for later
disposition.
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
SUMMARY:
E:\FR\FM\04APN1.SGM
04APN1
18552
Federal Register / Vol. 76, No. 64 / Monday, April 4, 2011 / Notices
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 December 31, 2010, the value of
assets available for distribution by the
Receiver, together with all expected
recovery sources, was $14,671,702. As
of the same date, administrative
expenses and depositor liabilities
equaled $41,374,312, exceeding
available assets by at least $26,702,610.
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: March 29, 2011.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2011–7797 Filed 4–1–11; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Update to Notice of Financial
Institutions for Which the Federal
Deposit Insurance Corporation Has
Been Appointed Either Receiver,
Liquidator, or Manager
Federal Deposit Insurance
Corporation.
ACTION: Update Listing of Financial
Institutions in Liquidation.
AGENCY:
Notice is hereby given that
the Federal Deposit Insurance
Corporation (Corporation) has been
SUMMARY:
appointed the sole receiver for the
following financial institutions effective
as of the Date Closed as indicated in the
listing. This list (as updated from time
to time in the Federal Register) may be
relied upon as ‘‘of record’’ notice that the
Corporation has been appointed receiver
for purposes of the statement of policy
published in the July 2, 1992 issue of
the Federal Register (57 FR 29491). For
further information concerning the
identification of any institutions which
have been placed in liquidation, please
visit the Corporation Web site at https://
www.fdic.gov/bank/individual/failed/
banklist.html or contact the Manager of
Receivership Oversight in the
appropriate service center.
Dated: March 28, 2011.
Federal Deposit Insurance Corporation.
Pamela Johnson,
Regulatory Editing Specialist.
INSTITUTIONS IN LIQUIDATION
[In alphabetical order]
FDIC Ref. No.
Bank name
City
State
10350 .......................................
The Bank of Commerce .............................................................
Wood Dale .......
IL ............
Management and Administrative
Matters.
Individuals who plan to attend and
require special assistance, such as sign
language interpretation or other
reasonable accommodations, should
contact Shawn Woodhead Werth,
Commission Secretary and Clerk, 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.
[FR Doc. 2011–7800 Filed 4–1–11; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL ELECTION COMMISSION
Sunshine Act Notice
Federal Election Commission.
Thursday, April 7, 2011
at 10 a.m.
PLACE: 999 E Street, NW., Washington,
DC (Ninth Floor).
STATUS: This meeting will be open to the Shawn Woodhead Werth,
public.
AGENCY:
DATE AND TIME:
Secretary and Clerk of the Commission.
Emcdonald on DSK2BSOYB1PROD with NOTICES
Items To Be Discussed
[FR Doc. 2011–8068 Filed 3–31–11; 4:15 pm]
Correction and Approval of the
Minutes for the Meeting of March 16,
2011.
Draft Advisory Opinion 2011–03:
Democratic Senatorial Campaign
Committee, National Republican
Congressional Committee, Republican
National Committee, Democratic
Congressional Campaign Committee,
and National Republican Senatorial
Committee by Marc E. Elias, Esq.,
Jessica Furst, Esq., John Phillippe, Esq.,
Brian G. Svoboda, Esq., and Michael E.
Toner, Esq.
Draft Advisory Opinion 2011–04:
American Israel Public Affairs
Committee by Philip Friedman, Esq.
Proposed Final Audit Report on
Tennessee Democratic Party (A07–07).
BILLING CODE 6715–01–P
VerDate Mar<15>2010
18:47 Apr 01, 2011
Jkt 223001
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Office of the Secretary
Seeking Public Comment on Two Draft
Chapters of the National Health
Security Strategy Biennial
Implementation Plan
Department of Health and
Human Services, Office of the Secretary.
ACTION: Notice.
AGENCY:
Authority: Public Health Service Act, 42
U.S.C. 300hh–1.
PO 00000
Frm 00043
Fmt 4703
Sfmt 4703
Date closed
3/25/2011
To help the Nation achieve
national health security and to
implement the first quadrennial
National Health Security Strategy
(NHSS) of the United States of America
(2009) and build upon the NHSS
Interim Implementation Guide for the
National Health Security Strategy of the
United States of America (2009) the U.S.
Government has drafted a NHSS
Biennial Implementation Plan (BIP).
This document is intended to describe
the priority activities to occur during
fiscal years 2011 and 2012 of
implementation so that all sectors and
segments of the Nation are working
collectively and leveraging resources to
achieve the same outcomes. The
activities include responsible entities.
The target audience for the BIP is the
Nation (individuals, families,
communities including all sectors and
governments, states and the Federal
Government).
Two chapters (and respective
appendices) of the draft BIP document
which address (1) Strategic Objective 4,
Foster Integrated, Scalable Health Care
Delivery Systems; and (2) Strategic
Objective 6, Promote and Effective
Countermeasures Enterprise are
submitted for public consideration and
comment for a period of 14 calendar
days at https://www.phe.gov/nhss. These
chapters are the final two to be provided
for public consideration and comment;
SUMMARY:
E:\FR\FM\04APN1.SGM
04APN1
Agencies
[Federal Register Volume 76, Number 64 (Monday, April 4, 2011)]
[Notices]
[Pages 18551-18552]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-7797]
-----------------------------------------------------------------------
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 Miami Valley Bank, Lakeview, Ohio, 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 March 28, 2011.
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 Miami Valley
Bank, Attention: Claims Agent, 1601 Bryan Street, Dallas, Texas 75201.
SUPPLEMENTARY INFORMATION:
On October 4, 2007, Miami Valley Bank, Lakeview, Ohio, (FIN
10002) was closed by the Department of Financial Institutions
for the State of Ohio, 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 The Citizens
Banking Company, Sandusky, Ohio, to assume the insured deposits of the
failed institution, while retaining the remaining assets of the bank
for later disposition.
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
[[Page 18552]]
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 December 31, 2010, the value of assets available for
distribution by the Receiver, together with all expected recovery
sources, was $14,671,702. As of the same date, administrative expenses
and depositor liabilities equaled $41,374,312, exceeding available
assets by at least $26,702,610. 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: March 29, 2011.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2011-7797 Filed 4-1-11; 8:45 am]
BILLING CODE 6714-01-P