Type:Notice
Citation:90 FR 11172
Reading Time:about a minute or two
The Federal Deposit Insurance Corporation (FDIC) plans to end the receivership for a certain financial institution, as they have finished selling off its assets. A final payment will be given to creditors, and the receivership will close at least 30 days after this notice. People who wish to comment on this decision can send written comments within 30 days to the FDIC's Receivership Oversight Section in Dallas, Texas.
Simple Explanation
The FDIC is like a helper group that takes care of banks when they have problems. They are telling everyone they are almost done helping a certain bank and will finish in about a month. If people want to say something about this, they can send a letter to the FDIC in Texas.