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{{8-31-93 p.C-3277}}
   [10,826] In the Matter of First American Bank of New York, New York City (Manhattan), New York, Docket No. FDIC-93-136q (6-23-93).

   FDIC terminates insured states because liability for bank's deposits has been assumed by another institution.

In the Matter of

FIRST AMERICAN BANK OF NEW
YORK

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

FDIC-93-136q

   Pursuant to section 8(q) of the Federal Deposit Insurance Act (the "Act"), 12 U.S.C. § 1818(q), and section 18(i)(3) of the Act, 12 U.S.C. § 1828(i)(3), the Federal Deposit Insurance Corporation ("FDIC"), having found that Key Bank of New York, Albany, New York ("Key Bank of New York") has provided to the FDIC on April 27, 1993, satisfactory evidence that it has assumed the liabilities for deposits of First American Bank of New York, New York City (Manhattan), New York ("First American Bank of New York"), as of March 26, 1993, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. § 307.1, hereby issues the following ORDER:

ORDER

   IT IS HEREBY ORDERED, that the status of First American Bank of New York as an insured state nonmember bank, hereby is terminated as of April 27, 1993.
   IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by Key Bank of New York from First American Bank of New York shall terminate at the expiration of September 26, 1993, or in the case of any time deposit, the earliest maturity date after September 26, 1993, as provided in section 8(q) of the Act, 12 U.S.C. § 1818(q).
   IT IS FURTHER ORDERED, that Key {{8-31-93 p.C-3278}}Bank of New York shall give notice of such assumption to each of the depositors of First American Bank of New York within thirty days after the date of this ORDER, if it has not already done so, in a manner acceptable to the Regional Director (Supervision) of the FDIC's New York Regional Office,
   Dated at Washington, D.C., this 23rd day of June, 1993.
   Pursuant to delegated authority.

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