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FDIC Enforcement Decisions and Orders

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{{3-31-97 p.C-2945}}
[10,694] In the Matter of GMAC Capital Corporation, Salt Lake City, Utah, Docket No. FDIC-92-346p (12-29-92).

   FDIC terminates insured status of institution that is no longer in the business of receiving deposits.

In the Matter of

GMAC CAPITAL CORPORATION
SALT LAKE CITY, UTAH
(Insured State Nonmember Bank)
ORDER OF TERMINATION
OF ISSUANCE

FDIC-92-346p

   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 GMAC Capital Corporation, Salt Lake City, Utah ("Insured Institution"), no longer is receiving deposits, other than trust funds, and issues the following ORDER:

ORDER

   IT IS HEREBY ORDERED, that the status of the Insured Institution as an insured State nonmember bank be, and hereby is, terminated at the expiration of June 30, 1993, which is the last day of the first full semiannual assessment period following the date of issuance of this ORDER.
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   IT IS FURTHER ORDERED, that the Insured Institution notify its depositors, if any, of the termination of its insured status no later than May 30, 1993, in the manner required by section 308.124(c) of the FDIC's Rules of Practice and Procedure, 12 C.F.R. § 308.124(c).
   Dated at Washington, D.C., this 29th day of December, 1992.
   Pursuant to delegated authority.

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