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FDIC Enforcement Decisions and Orders

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   [10,021] In the Matter of The Royal Bank and Trust Company, New York, New York, Docket No. FDIC-89-212p (11-14-89).

   Termination of insurance of Bank not engaged in the business of receiving deposits other than trust funds.
In the Matter of

THE ROYAL BANK AND TRUST
COMPANY

NEW YORK CITY (MANHATTAN), NEW YORK
(Insured State Nonmember Bank)
ORDER OF TERMINATION OF INSURANCE

   Pursuant to section 8(p) of the Federal Deposit Insurance Act, 12 U.S.C. § 1818(p), the Federal Deposit Insurance Corporation ("FDIC") hereby finds that The Royal Bank and Trust Company, New York City (Manhattan), New York (the "Bank"), is not engaged in the business of receiving deposits, other than trust funds, and issues the following ORDER:

ORDER

   IT IS HEREBY ORDERED, that he status of the Bank as an insured State nonmember bank be, and hereby is, terminated at the expiration of June 30, 1990.
   IT IS FURTHER ORDERED, that the Bank notify its depositors, if any, of the termination of its insured status no later than May 31, 1990, in the manner required by section 308.63(c) of the FDIC's Rules and Regulations, 12 C.F.R. § 308.63(c).
   Pursuant to delegated authority.
   Dated at Washington, D.C., this 14th day of November 1989.

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