Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership, 28225-28226 [2011-11890]

Download as PDF erowe on DSK5CLS3C1PROD with NOTICES Federal Register / Vol. 76, No. 94 / Monday, May 16, 2011 / Notices the technical basis for Agency positions and regulations. The SAB is a Federal Advisory Committee chartered under the Federal Advisory Committee Act (FACA), 5 U.S.C., App. 2. Pursuant to FACA and EPA policy, notice is hereby given that an ad hoc SAB Panel will hold a public teleconference to review EPA’s Draft Oil Spill Research Strategy. The SAB will comply with the provisions of FACA and all appropriate SAB Staff Office procedural policies. Background: EPA’s Draft Oil Spill Research Strategy discusses proposed research and collaborative approaches for four activities related to oil spills: Dispersants, alternative remediation technologies, coastal and inland restoration, and human health effects. The Deep Water Horizon spill identified the need for additional research on alternative spill response technologies; environmental impacts of chemical dispersants under deep sea application conditions; the fate and toxicity of dispersants and dispersed oil; chronic health effects for spill response workers and the public; and shoreline and wetland impacts, restoration and recovery. Accordingly, EPA developed the research strategy to address these needs, as they pertain to EPA’s responsibilities for oil spills, and has requested that the SAB review their draft Strategy. Information about formation of the panel and the draft Strategy can be found at http:// yosemite.epa.gov/sab/sabproduct.nsf/ fedrgstr_activites/Oil%20Spill%20 Research%20Strategy?OpenDocument. The panel held public teleconferences on April 11 and 12, 2011 (76 FR 16769– 16770) to discuss the strategy. The purpose of the June 9, 2011, teleconference is for the Panel to discuss their draft advisory report. Availability of Meeting Materials: The agenda and the draft Advisory Report on EPA Draft Oil Spill Research Strategy will be available on the SAB Web site at http://www.epa.gov/sab in advance of the meeting. Procedures for Providing Public Input: Public comment for consideration by EPA’s Federal advisory committees and panels has a different purpose from public comment provided to EPA program offices. Therefore, the process for submitting comments to a Federal advisory committee is different from the process used to submit comments to an EPA program office. Federal advisory committees and panels, including scientific advisory committees, provide independent advice to EPA. Members of the public can submit comments for a Federal advisory committee to consider as it develops advice for EPA. Input from the VerDate Mar<15>2010 15:14 May 13, 2011 Jkt 223001 public to the SAB will have the most impact if it consists of comments that provide specific scientific or technical information or analysis for SAB panels to consider or if it relates to the clarity or accuracy of the technical information. Members of the public wishing to provide comment should contact the Designated Federal Officer for the relevant advisory committee directly. Oral Statements: Individuals or groups requesting an oral presentation at this public meeting will be limited to five minutes. Those interested in being on the public speakers list for the June 9, 2011 teleconference should contact Mr. Thomas Carpenter, DFO at the contact information noted above, by May 31, 2011. Written Statements: Written statements should be received in the SAB Staff Office by May 31, 2011 for the teleconference so that the information may be made available to the SAB Oil Spill Research Review Panel for their consideration. Written statements should be supplied to the DFO in the following formats: One hard copy with original signature and one electronic copy via e-mail (acceptable file format: Adobe Acrobat PDF, WordPerfect, MS Word, MS PowerPoint, or Rich Text files in IBM–PC/Windows 98/2000/XP format). It is the SAB Staff Office general policy to post written comments on the Web page for the advisory meeting or teleconference. Submitters are requested to provide an unsigned version of each document because the SAB Staff Office does not publish documents with signatures on its Web sites. Members of the public should be aware that their personal contact information, if included in any written comments, may be posted to the SAB Web site. Copyrighted material will not be posted without explicit permission of the copyright holder. Accessibility: For information on access or services for individuals with disabilities, please contact Mr. Thomas Carpenter at the phone number or email address noted above, preferably at least ten days prior to the meeting, to give EPA as much time as possible to process your request. Dated: May 10, 2011. Anthony F. Maciorowski, Deputy Director, EPA Science Advisory Board Staff Office. [FR Doc. 2011–11951 Filed 5–13–11; 8:45 am] BILLING CODE 6560–50–P PO 00000 Frm 00017 Fmt 4703 Sfmt 4703 28225 EXPORT-IMPORT BANK OF THE UNITED STATES Economic Impact Policy This notice is to inform the public that the Export-Import Bank of the United States has received an application for a $47 million long-term guarantee to support the export of approximately $41 million worth of mining equipment and services to Australia. The U.S. exports will enable the Australian mining company to produce, on average, 36 million metric tons of iron ore per year during the 7-year repayment term of the guarantee. Available information indicates that new Australian production of iron ore will be sold in China. Interested parties may submit comments on this transaction by e-mail to economic.impact@exim.gov or by mail to 811 Vermont Avenue, NW., Room 947, Washington, DC 20571, within 14 days of the date this notice appears in the Federal Register. Jonathan J. Cordone, Senior Vice President and General Counsel. [FR Doc. 2011–11895 Filed 5–13–11; 8:45 am] BILLING CODE 6690–01–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 Corus Bank, N.A., Chicago, Illinois, 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 May 10, 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 Corus Bank, N.A., Attention: Claims Agent, 1601 Bryan Street, Dallas, Texas 75201. SUPPLEMENTARY INFORMATION: On September 11, 2009, Corus Bank, N.A., Chicago, Illinois, (FIN #10117) was closed by the Office of the Comptroller of the Currency (‘‘OCC’’), and the Federal Deposit Insurance Corporation (‘‘FDIC’’) was appointed as its receiver SUMMARY: E:\FR\FM\16MYN1.SGM 16MYN1 28226 Federal Register / Vol. 76, No. 94 / Monday, May 16, 2011 / Notices (‘‘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 in which MB Financial Bank, N.A., Chicago, Illinois, assumed all of the deposits and a portion 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 anticipated recoveries, was $1,485,477,307. As of the same date, administrative expenses and depositor liabilities equaled $2,599,960,134, exceeding available assets and potential recoveries by at least $1,114,482,827. 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: May 11, 2011. Robert E. Feldman, Executive Secretary. [FR Doc. 2011–11890 Filed 5–13–11; 8:45 am] BILLING CODE 6714–01–P FEDERAL MARITIME COMMISSION [Docket No. 11–08] erowe on DSK5CLS3C1PROD with NOTICES Ndahendekire Barbara v. African Shipping; Njoroge Muhia; Alco Logistics, Llc; Brenda Alexander; and AIR 7 Seas Transportlogistics, Inc.; Notice of Filing of Complaint and Assignment Notice is given that a complaint has been filed with the Federal Maritime Commission (‘‘Commission’’) by Ndahendekire Barbara, hereinafter ‘‘Complainant,’’ against African Shipping; Njoroge Muhia, ALCO Logistics, LLC; Brenda Alexander; and Air 7 Seas Transport Logistics, Inc.; hereinafter ‘‘Respondents’’. Complainant asserts that she is acting agent for Ndahendekire Foundation located in Mbarara, Uganda. Complainant alleges that: Respondent African Shipping specializes in international cargo VerDate Mar<15>2010 15:14 May 13, 2011 Jkt 223001 shipping; Respondent Njoroge Muhia is Chief Executive Officer for African Shipping; Respondent ALCO Logistics, LLC, is a freight forwarding and logistics company; Respondent Brenda Alexander is an acting agent for ALCO Logistics, LLC; and Respondent Air 7 Seas Transport Logistics, Inc., is a freight forwarding company. Complainant alleges that Respondents, in connection with the shipment of two containers and chassis to Mombasa Kenya, violated Section 10(d)(1) of the Shipping Act, 46 U.S.C. 41102(c), by ‘‘failing to ensure that Ms. Barbara[‘s] (sic) container was delivered safely, securely and on time to the required destination.’’ Specifically, Complainant alleges that Respondents ‘‘Mr. Muhia and African Shipping are in full breach of contract by contracting with other shippers and not paying the shippers, allowing the containers and chassis to be delivered to the wrong location, not notifying Ms. Barbara of the delivery, allowing demurrages to incur, requesting additional payments for delivery and release of the chassis and containers.’’ Complainant also alleges that Respondents thereby caused ‘‘Ms. Barbara additional shipping cost as well as the loss of her contract for supplying medical supplies and equipment.’’ Complainant asks ‘‘that respondent be required to answer the charges herein; that after due hearing, an order be made commanding said respondent (and each of them); to cease and deist (sic) from the aforesaid violations of said act(s); to establish and put in force such practices as the Commission determines to be lawful and reasonable; to pay said complainant by way of reparations for the unlawful conduct * * * the sum of One Hundred Fifty Thousand Dollars and zero cents ($150,000), with interest and attorney’s fees or such sum as the Commission may determine to be proper as an award of reparation; and that such other and further order or orders be made as the Commission determines to be proper in the premises.’’ This proceeding has been assigned to the Office of Administrative Law Judges. Hearing in this matter, if any is held, shall commence within the time limitations prescribed in 46 CFR 502.61, and only after consideration has been given by the parties and the presiding officer to the use of alternative forms of dispute resolution. The hearing shall include oral testimony and crossexamination in the discretion of the presiding officer only upon proper showing that there are genuine issues of material fact that cannot be resolved on the basis of sworn statements, affidavits, PO 00000 Frm 00018 Fmt 4703 Sfmt 4703 depositions, or other documents or that the nature of the matter in issue is such that an oral hearing and crossexamination are necessary for the development of an adequate record. Pursuant to the further terms of 46 CFR 502.61, the initial decision of the presiding officer in this proceeding shall be issued by May 9, 2012 and the final decision of the Commission shall be issued by September 6, 2012. Karen V. Gregory, Secretary. [FR Doc. 2011–11888 Filed 5–13–11; 8:45 am] BILLING CODE 6730–01–P FEDERAL TRADE COMMISSION [File No. 091 0013] Southwest Health Alliances, Inc., Doing Business as BSA Provider Network; Analysis of Agreement Containing Consent Order To Aid Public Comment Federal Trade Commission. Proposed Consent Agreement. AGENCY: ACTION: The consent agreement in this matter settles alleged violations of federal law prohibiting unfair or deceptive acts or practices or unfair methods of competition. The attached Analysis To Aid Public Comment describes both the allegations in the draft complaint and the terms of the consent order—embodied in the consent agreement—that would settle these allegations. DATES: Comments must be received on or before June 10, 2011. ADDRESSES: Interested parties may file a comment online or on paper, by following the instructions in the Request for Comment part of the SUPPLEMENTARY INFORMATION section below. Write ‘‘Southwest Health, File No. 091 0013’’ on your comment, and file your comment online at https:// ftcpublic.commentworks.com/ftc/ southwesthealthalliances, by following the instructions on the Web-based form. If you prefer to file your comment on paper, mail or deliver your comment to the following address: Federal Trade Commission, Office of the Secretary, Room H–113 (Annex D), 600 Pennsylvania Avenue, NW., Washington, DC 20580. FOR FURTHER INFORMATION CONTACT: John P. Wiegand (415–848–5174), FTC, Western Region, San Francisco, 600 Pennsylvania Avenue, NW., Washington, DC 20580. SUPPLEMENTARY INFORMATION: Pursuant to section 6(f) of the Federal Trade SUMMARY: E:\FR\FM\16MYN1.SGM 16MYN1

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[Federal Register Volume 76, Number 94 (Monday, May 16, 2011)]
[Notices]
[Pages 28225-28226]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-11890]


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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 Corus Bank, N.A., Chicago, Illinois, 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 May 10, 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 Corus Bank, 
N.A., Attention: Claims Agent, 1601 Bryan Street, Dallas, Texas 75201.

SUPPLEMENTARY INFORMATION: On September 11, 2009, Corus Bank, N.A., 
Chicago, Illinois, (FIN 10117) was closed by the Office of the 
Comptroller of the Currency (``OCC''), and the Federal Deposit 
Insurance Corporation (``FDIC'') was appointed as its receiver

[[Page 28226]]

(``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 in 
which MB Financial Bank, N.A., Chicago, Illinois, assumed all of the 
deposits and a portion 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 anticipated recoveries, was 
$1,485,477,307. As of the same date, administrative expenses and 
depositor liabilities equaled $2,599,960,134, exceeding available 
assets and potential recoveries by at least $1,114,482,827. 
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: May 11, 2011.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2011-11890 Filed 5-13-11; 8:45 am]
BILLING CODE 6714-01-P