Search Results for keywords:"receivership"

Found 4 results

Search Results: keywords:"receivership"

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  • 2024-28456 — Notice of Termination of Receiverships
    Type:Notice
    Citation:89 FR 96652
    Reading Time:less than a minute

    The Federal Deposit Insurance Corporation (FDIC) has completed the process of winding up the affairs of a particular insured depository institution and has liquidated all related assets. The FDIC, acting as the Receiver, has also authorized FDIC-Corporate to handle any necessary paperwork. As of the termination date, the Receivership is officially closed, meaning the Receiver's duties are complete and it no longer exists as a legal entity.

    Simple Explanation

    The FDIC finished its job of closing down a bank and has sold everything they could. Now, the FDIC has given another part of itself the task of doing any last bits of paperwork, and this job is all done.

  • 2025-01739 — Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager
    Type:Notice
    Citation:90 FR 8215
    Reading Time:less than a minute

    The Federal Deposit Insurance Corporation (FDIC) has announced that it has become the only receiver for a particular financial institution that has been closed. This means the FDIC is now in charge of managing and liquidating the assets of this financial institution. The details of these institutions are regularly updated and can be found on the FDIC website. For further inquiries, individuals can contact the Chief of Receivership Oversight through email.

    Simple Explanation

    The Federal Deposit Insurance Corporation (FDIC) has taken charge of a bank that has closed. Now, the FDIC will look after the bank's money and things to make sure everything is handled properly.

  • 2020-28812 — Resolution Planning
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    Type:Proposed Rule
    Citation:86 FR 1326
    Reading Time:about 2 hours

    The Federal Housing Finance Agency (FHFA) is proposing a rule requiring Fannie Mae and Freddie Mac to create resolution plans to ensure their smooth operation in case FHFA is appointed as a receiver. This rule is part of developing a strong regulatory framework for these enterprises as they prepare to exit conservatorship. The intended resolution planning aims to minimize market disruptions, ensure fair loss distribution among investors, and enhance market discipline. The FHFA invites public comments on this rule by March 9, 2021.

    Simple Explanation

    Fannie Mae and Freddie Mac need to make plans for when things go wrong, like a backup plan if they're in big trouble, to help keep everything running smoothly and make sure everyone is treated fairly. The people in charge want to hear what others think about this idea by March 9, 2021.

  • 2025-03474 — Notice to All Interested Parties of Intent To Terminate Receivership
    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.