Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership, 52663 [2011-21546]
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Federal Register / Vol. 76, No. 163 / Tuesday, August 23, 2011 / Notices
information on the operation of their
EAS equipment during a national test of
the EAS: (1) Whether they received the
alert message during the designated test;
(2) whether they retransmitted the alert;
and (3) if they were not able to receive
and/or transmit the alert, their ‘best
effort’ diagnostic analysis regarding the
cause or causes for such failure. OMB
also authorized the Commission to
require EAS Participants to provide it
with the date/time of receipt of the EAN
message by all stations; and the date/
time of receipt of the EAT message by
all stations; a description of their station
identification and level of designation
(PEP, LP–1, etc.); who they were
monitoring at the time of the test, and
the make and model number of the EAS
equipment that they utilized.
In the Third Report and Order in EB
Docket No. 04–296, FCC 09–10, the
Commission adopted the foregoing rule
requirements. In addition, the
Commission decided that test data will
be presumed confidential and
disclosure of test data will be limited to
FEMA, NWS and EOP at the federal
level. At the State level, test data will be
made available only to State government
emergency management agencies that
have confidential treatment protections
at least equal to FOIA. The process by
which these agencies would receive test
data will comport with those used to
provide access to the Commission’s
NORS and DIRS data. We seek comment
on this revision of the approved
collection.
In the Third Report and Order, the
Commission also indicated that it would
establish a voluntary electronic
reporting system that EAS test
participants may use as part of their
participation in the national EAS test.
The Commission noted that using this
system, EAS test participants could
input the same information that they
were already required to file manually
via a web-based interface into a
confidential database that the
Commission would use to monitor and
assess the test. This information would
include identifying information such as
station call letters, license identification
number, geographic coordinates, EAS
assignment (LP, NP, etc), EAS
monitoring assignment, as well as a 24/
7 emergency contact for the EAS
Participant. The only difference, other
than the electronic nature of the filing,
would the the timing of the collection.
On the day of the test, EAS Test
participants would be able to input
immediate test results, (e.g., was the
EAN received and did it pass) into a
web-based interface. Test participants
would submit the identifying data prior
to the test date, and the remaining data
VerDate Mar<15>2010
16:33 Aug 22, 2011
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52663
Determination of Insufficient Assets To
Satisfy Claims Against Financial
Institution in Receivership
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, 2011, the value of
assets available for distribution by the
Receiver, together with maximum
possible recoveries on claims against
directors, officers, and other
professionals was $86,789,915. As of the
same date, administrative expenses and
depositor liabilities equaled
$220,441,349, exceeding available assets
and potential recoveries by
$133,651,434. 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.
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice.
Dated: August 18, 2011.
Robert E. Feldman,
Executive Secretary.
The FDIC has determined that
insufficient assets exist in the
receivership of Sun American Bank,
Boca Raton, Florida, to make any
distribution on general unsecured
claims, and therefore such claims will
recover nothing and have no value.
DATES: The FDIC made its determination
on August 18, 2011.
FOR FURTHER INFORMATION CONTACT: If
you have questions regarding this
notice, you may contact an FDIC Claims
Agent at (904) 256–3925. Written
correspondence may also be mailed to
FDIC as Receiver of Sun American
Bank, Attention: Claims Agent, 7777
Baymeadows Way West, Jacksonville,
Florida 32256.
SUPPLEMENTARY INFORMATION: On March
5, 2010, Sun American Bank, Boca
Raton, Florida, (FIN #10192) was closed
by the Florida Office of Financial
Regulation, 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
First-Citizens Bank & Trust Company,
Raleigh, North Carolina, to acquire all of
the deposits and most of the assets of
the failed institution.
BILLING CODE 6714–01–P
called for by our reporting rules (e.g. the
detailed test results) within the 45 day
period. The Commission believes that
structuring an electronic reporting
system in this fashion would allow the
participants to populate the database
with known information well prior to
the test, and thus be able to provide the
Commission with actual test data, both
close to real-time and within a
reasonable period in a minimally
burdensome fashion. The Commission
also seeks comment on this revision of
the approved collection.
Federal Communications Commission.
Marlene H. Dortch,
Secretary, Office of the Secretary, Office of
Managing Director.
[FR Doc. 2011–21545 Filed 8–22–11; 8:45 am]
BILLING CODE 6712–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
AGENCY:
SUMMARY:
PO 00000
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[FR Doc. 2011–21546 Filed 8–22–11; 8:45 am]
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Disease Control and
Prevention (CDC)
Notice of Intent To Award Affordable
Care Act Funding, DP–09–001
Centers for Disease Control and
Prevention (CDC), Department of Health
and Human Services (HHS).
ACTION: Notice.
AGENCY:
This notice provides public
announcement of CDC’s intent to fund
Approved cooperative agreement
applications previously received and
competed in response to CDC Funding
Opportunity, RFA–DP–09–001, ‘‘Health
Promotion and Disease Prevention
Research Centers (U48).’’ It is the intent
of CDC to fund the applications with
Patient Protection Affordable Care Act
(ACA), Section 4002, appropriations.
CFDA Number 93.542 is the ACAspecific CFDA number for this
initiative.
SUMMARY:
Award Information
Approximate Current Fiscal Year
Funding: $10,000,000.
E:\FR\FM\23AUN1.SGM
23AUN1
]]>Agencies
[Federal Register Volume 76, Number 163 (Tuesday, August 23, 2011)]
[Notices]
[Page 52663]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-21546]
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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 Sun American Bank, Boca Raton, Florida, to make any
distribution on general unsecured claims, and therefore such claims
will recover nothing and have no value.
DATES: The FDIC made its determination on August 18, 2011.
FOR FURTHER INFORMATION CONTACT: If you have questions regarding this
notice, you may contact an FDIC Claims Agent at (904) 256-3925. Written
correspondence may also be mailed to FDIC as Receiver of Sun American
Bank, Attention: Claims Agent, 7777 Baymeadows Way West, Jacksonville,
Florida 32256.
SUPPLEMENTARY INFORMATION: On March 5, 2010, Sun American Bank, Boca
Raton, Florida, (FIN 10192) was closed by the Florida Office
of Financial Regulation, 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 First-Citizens Bank
& Trust Company, Raleigh, North Carolina, to acquire all of the
deposits and most of the assets 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, 2011, the value of assets available for distribution
by the Receiver, together with maximum possible recoveries on claims
against directors, officers, and other professionals was $86,789,915.
As of the same date, administrative expenses and depositor liabilities
equaled $220,441,349, exceeding available assets and potential
recoveries by $133,651,434. 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: August 18, 2011.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2011-21546 Filed 8-22-11; 8:45 am]
BILLING CODE 6714-01-P
