Notice to All Interested Parties of the Termination of the Receivership of 6004, Superior Bank, FSB, Hinsdale, IL, 52327 [2011-21277]

Download as PDF jlentini on DSK4TPTVN1PROD with NOTICES Federal Register / Vol. 76, No. 162 / Monday, August 22, 2011 / Notices Annual Burden: Regulation E—29,404 hours; Regulation CC—528,513 hours; and Regulation DD—302,434 hours. Total Estimated Burden: 860,351 hours. General Description of Collection: This FDIC information collection provides for the application of Regulations E (Electronic Fund Transfers), CC (Availability of Funds), and DD (Truth in Savings) to State nonmember banks. Regulations E, CC, and DD are issued by the Federal Reserve Board of Governors (FRB) to ensure, among other things, that consumers are provided adequate disclosures regarding accounts, including electronic fund transfer services, availability of funds, and fees and annual percentage yield for deposit accounts. Generally, the Regulation E disclosures are designed to ensure consumers receive adequate disclosure of basic terms, costs, and rights relating to electronic fund transfer (EFT) services provided to them so that they can make informed decisions. Institutions offering EFT services must disclose to consumers certain information, including: initial and updated EFT terms, transaction information, the consumer’s potential liability for unauthorized transfers, and error resolution rights and procedures. Like Regulation E, Regulation CC has consumer protection disclosure requirements. Specifically, Regulation CC requires depository institutions to make funds deposited in transaction accounts available within specified time periods, disclose their availability policies to customers, and begin accruing interest on such deposits promptly. The disclosures are intended to alert customers that their ability to use deposited funds may be delayed, prevent unintentional (and costly) overdrafts, and allow customers to compare the policies of different institutions before deciding at which institution to deposit funds. Depository institutions must also provide an awareness disclosure regarding substitute checks. The regulation also requires notice to the depositary bank and to a customer of nonpayment of a check. Regulation DD also has similar consumer protection disclosure requirements that are intended to assist consumers in comparing deposit accounts offered by institutions, principally through the disclosure of fees, the annual percentage yield, and other account terms. Regulation DD requires depository institutions to disclose yields, fees, and other terms concerning deposit accounts to consumers at account opening, upon request, and when changes in terms VerDate Mar<15>2010 17:16 Aug 19, 2011 Jkt 223001 52327 occur. Depository institutions that provide periodic statements are required to include information about fees imposed, interest earned, and the annual percentage yield (APY) earned during those statement periods. It also contains rules about advertising deposit accounts. Although the FRB regulations require institutions to retain evidence of compliance with the disclosure requirements, the regulations do not specify the types of records that must be retained. the date of this Notice. If any person wishes to comment concerning the termination of the receivership, such comment must be made in writing and sent within thirty days of the date of this Notice to: Request for Comment Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the FDIC’s functions, including whether the information has practical utility; (b) the accuracy of the estimates of the burden of the information collection, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the information collection on respondents, including through the use of automated collection techniques or other forms of information technology. All comments will become a matter of public record. No comments concerning the termination of this receivership will be considered which are not sent within this time frame. Dated at Washington, DC this 16th day of August 2011. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2011–21280 Filed 8–19–11; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Notice to All Interested Parties of the Termination of the Receivership of 6004, Superior Bank, FSB, Hinsdale, IL Notice is hereby given that the Federal Deposit Insurance Corporation (‘‘FDIC’’) as Receiver for Superior Bank, FSB, (‘‘the Receiver’’) intends to terminate its receivership for said institution. The FDIC was appointed receiver of Superior Bank, FSB on July 27, 2001. The liquidation of the receivership assets has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors. Based upon the foregoing, the Receiver has determined that the continued existence of the receivership will serve no useful purpose. Consequently, notice is given that the receivership shall be terminated, to be effective no sooner than thirty days after PO 00000 Frm 00025 Fmt 4703 Sfmt 4703 Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Department 8.1, 1601 Bryan Street, Dallas, TX 75201. Federal Deposit Insurance Corporation. Dated: August 16, 2011. Robert E. Feldman, Executive Secretary. [FR Doc. 2011–21277 Filed 8–19–11; 8:45 am] BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Notice to All Interested Parties of the Termination of the Receivership of 10004, Hume Bank; Hume, MO Notice is hereby given that the Federal Deposit Insurance Corporation (‘‘FDIC’’) as Receiver for Hume Bank, (‘‘the Receiver’’) intends to terminate its receivership for said institution. The FDIC was appointed receiver of Hume Bank on March 7, 2008. The liquidation of the receivership assets has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors. Based upon the foregoing, the Receiver has determined that the continued existence of the receivership will serve no useful purpose. Consequently, notice is given that the receivership shall be terminated, to be effective no sooner than thirty days after the date of this Notice. If any person wishes to comment concerning the termination of the receivership, such comment must be made in writing and sent within thirty days of the date of this Notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Department 8.1, 1601 Bryan Street, Dallas, TX 75201. No comments concerning the termination of this receivership will be considered which are not sent within this timeframe. Federal Deposit Insurance Corporation. E:\FR\FM\22AUN1.SGM 22AUN1

Agencies

[Federal Register Volume 76, Number 162 (Monday, August 22, 2011)]
[Notices]
[Page 52327]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-21277]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Notice to All Interested Parties of the Termination of the 
Receivership of 6004, Superior Bank, FSB, Hinsdale, IL

    Notice is hereby given that the Federal Deposit Insurance 
Corporation (``FDIC'') as Receiver for Superior Bank, FSB, (``the 
Receiver'') intends to terminate its receivership for said institution. 
The FDIC was appointed receiver of Superior Bank, FSB on July 27, 2001. 
The liquidation of the receivership assets has been completed. To the 
extent permitted by available funds and in accordance with law, the 
Receiver will be making a final dividend payment to proven creditors.
    Based upon the foregoing, the Receiver has determined that the 
continued existence of the receivership will serve no useful purpose. 
Consequently, notice is given that the receivership shall be 
terminated, to be effective no sooner than thirty days after the date 
of this Notice. If any person wishes to comment concerning the 
termination of the receivership, such comment must be made in writing 
and sent within thirty days of the date of this Notice to:

Federal Deposit Insurance Corporation, Division of Resolutions and 
Receiverships, Attention: Receivership Oversight Department 8.1, 1601 
Bryan Street, Dallas, TX 75201.

    No comments concerning the termination of this receivership will be 
considered which are not sent within this time frame.

Federal Deposit Insurance Corporation.
    Dated: August 16, 2011.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2011-21277 Filed 8-19-11; 8:45 am]
BILLING CODE 6714-01-P