Notice to All Interested Parties of the Termination of the Receivership of 10240, Pinehurst Bank, St. Paul, MN, 40613 [2012-16808]

Download as PDF Federal Register / Vol. 77, No. 132 / Tuesday, July 10, 2012 / Notices 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. Dated at Washington, DC, this 5th day of July 2012. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. Dated at Washington, DC, this 5th day of July 2012. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. AGENCY: [FR Doc. 2012–16805 Filed 7–9–12; 8:45 am] SUMMARY: BILLING CODE 6714–01–P FEDERAL DEPOSIT INSURANCE CORPORATION mstockstill on DSK4VPTVN1PROD with NOTICES Notice to All Interested Parties of the Termination of the Receivership of 10240, Pinehurst Bank, St. Paul, MN Notice is hereby given that the Federal Deposit Insurance Corporation (‘‘FDIC’’) as Receiver for Pinehurst Bank, (‘‘the Receiver’’) intends to terminate its receivership for said institution. The FDIC was appointed receiver of Pinehurst Bank on May 21, 2010. 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 32.1, 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. VerDate Mar<15>2010 16:28 Jul 09, 2012 Jkt 226001 [FR Doc. 2012–16808 Filed 7–9–12; 8:45 am] BILLING CODE 6714–01–P FEDERAL HOUSING FINANCE AGENCY [No. 2012–N–07] Submission for OMB Review; Comment Request Federal Housing Finance Agency. ACTION: 30-Day notice of submission of information collection for approval from the Office of Management and Budget. In accordance with the requirements of the Paperwork Reduction Act of 1995, the Federal Housing Finance Agency (FHFA) is submitting the information collection entitled ‘‘Advances to Housing Associates’’ to the Office of Management and Budget (OMB) for review and approval of a three year extension of OMB control number 2590–0001, which is due to expire on July 31, 2012. DATES: Interested persons may submit comments on or before August 9, 2012. ADDRESSES: Submit comments to the Office of Information and Regulatory Affairs of the Office of Management and Budget, Attention: Desk Officer for the Federal Housing Finance Agency, Washington, DC 20503. For Further Information or Copies of the Information Collection Contact: Jonathan F. Curtis, Financial Analyst, Division of Federal Home Loan Bank Regulation, by telephone at (202) 649– 3321, by electronic mail at jonathan.curtis@fhfa.gov, or by regular mail at the Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024. The telephone number for the Telecommunications Device for the Hearing Impaired is (800) 877–8339. SUPPLEMENTARY INFORMATION: A. Need For and Use of the Information Collection Section 10b of the Federal Home Loan Bank Act (Bank Act) establishes the requirements for making Federal Home Loan Bank (Bank) advances to nonmember mortgagees, which are referred to as ‘‘housing associates’’ in the regulations of the Federal Housing Finance Agency (FHFA).1 Section 10b PO 00000 1 See 12 U.S.C. 1430b; 12 CFR 1264.3. Frm 00050 Fmt 4703 Sfmt 4703 40613 also establishes the eligibility requirements an applicant must meet in order to be certified as a housing associate. Part 1264 of FHFA’s regulations implements the statutory eligibility requirements and establishes uniform review criteria the Banks must use in evaluating applications from entities that wish to be certified as a housing associate. Specifically, section 1264.4 implements the statutory eligibility requirements and provides guidance to an applicant on how it may satisfy those requirements.2 Section 1264.5 authorizes the Banks to approve or deny all applications for certification as a housing associate, subject to the statutory and regulatory requirements.3 It also permits an applicant to appeal a Bank’s decision to deny certification to FHFA. In part 1266 of FHFA’s regulations, subpart B governs Bank advances to housing associates that have been approved under part 1264. Section 1266.17 establishes the terms and conditions under which a Bank may make advances to housing associates.4 Specifically, section 1266.17(e) imposes a continuing obligation on a certified housing associate to provide information necessary to determine if it remains in compliance with applicable statutory and regulatory requirements, as set forth in part 1264.5 The OMB control number for the information collection, which expires on July 31, 2012, is 2590–0001. The likely respondents include applicants for housing associate certification and current housing associates. B. Burden Estimate FHFA estimates the total annual average number of applicants at one, with one response per applicant. The estimate for the average hours per application is 14 hours. The estimate for the annual hour burden for applicants is 14 hours (1 applicant × 1 response per applicant × 14 hours). FHFA estimates the total annual average number of maintenance respondents—that is, current housing associates—at 68, with 1 response per 2 See 12 CFR 1264.4. 12 CFR 1264.5. 4 See 12 CFR 1266.17. 5 In 2010, FHFA transferred the regulations governing housing associates from part 926 of the regulations of the Federal Housing Finance Board, the former regulator of the Banks, to part 1264 of FHFA’s regulations, and transferred the regulations governing Bank advances from part 950 of the Finance Board’s regulations to part 1266 of FHFA’s regulations. In both cases the regulations were transferred without substantive or material changes. See 75 FR 8239 (Feb. 24, 2010); 75 FR 76622 (Dec. 9, 2010). 3 See E:\FR\FM\10JYN1.SGM 10JYN1

Agencies

[Federal Register Volume 77, Number 132 (Tuesday, July 10, 2012)]
[Notices]
[Page 40613]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-16808]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Notice to All Interested Parties of the Termination of the 
Receivership of 10240, Pinehurst Bank, St. Paul, MN

    Notice is hereby given that the Federal Deposit Insurance 
Corporation (``FDIC'') as Receiver for Pinehurst Bank, (``the 
Receiver'') intends to terminate its receivership for said institution. 
The FDIC was appointed receiver of Pinehurst Bank on May 21, 2010. 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 32.1, 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.

    Dated at Washington, DC, this 5th day of July 2012.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2012-16808 Filed 7-9-12; 8:45 am]
BILLING CODE 6714-01-P