Search Results for keywords:"12 U.S.C. 1819"

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Search Results: keywords:"12 U.S.C. 1819"

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  • 2025-02310 — Notice to All Interested Parties of Intent To Terminate Receiverships
    Type:Notice
    Citation:90 FR 9080
    Reading Time:less than a minute

    The Federal Deposit Insurance Corporation (FDIC) has announced its intent to terminate the receiverships for certain institutions, as their asset liquidation has been completed. The FDIC plans to make a final dividend payment to authorized creditors, as allowed by the funds available. The notice specifies that these receiverships will end at least 30 days following the announcement date. Interested parties have until this deadline to submit written comments regarding these terminations.

    Simple Explanation

    The FDIC plans to close down certain banks they took over because they sold everything they could. People who are owed money have 30 days to speak up if they have something to say about this.

  • 2025-02313 — Notice of Termination of Receiverships
    Type:Notice
    Citation:90 FR 9081
    Reading Time:less than a minute

    The Federal Deposit Insurance Corporation (FDIC) acted as the Receiver for certain insured banks, handling the closure and asset liquidation of these institutions. The FDIC has completed its duties, distributed necessary dividends, and subsequently appointed FDIC-Corporate to handle any remaining documentation. As of the listed termination dates, the receiverships are officially closed, and the entities no longer exist legally. This action is backed by the authority of U.S. law.

    Simple Explanation

    The FDIC, like a caretaker for banks that couldn't keep going, has finished its job of closing them down and handling their left-behind stuff, so now there's nothing left for these banks to do. They have given the job of looking after any leftover paperwork to another part of FDIC, meaning these banks are like toys that got put away and don't get to play anymore.