{{01-31-00 p.C-4828}}
[¶11,666] In the Matter of LTCB Trust Company, New York, New York, Docket No. 99-102q (11-2-99)
Status of bank as insured state nonmember bank terminated.
In the Matter of
LTCB TRUST COMPANY
NEW YORK CITY, NEW YORK
(Insured State Nonmember Bank)
ORDER OF APPROVAL OF TERMINATION OF INSURANCE
FDIC-99-102q
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 The Industrial Bank of Japan Trust Company, New York City, New York
{{03-31-00 p.C-4829}}(``IBJ''), has provided to the FDIC on August 12, 1999, satisfactory evidence that it has assumed the liabilities for deposits of LTCB Trust Company, New York City, New York (``LTCB''), as of July 15, 1999, as required by section 307.1 of the FDIC's rules and regulations, 12 C.F.R. §307.1, and that IBJ has notified LTCB's depositors of its assumption of their deposits, hereby issues the following ORDER:
ORDER
IT IS HEREBY ORDERED, that the status of LTCB as an insured tate nonmember bank be, and hereby is, terminated as of August 12, 1999.
IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by IBJ from LTCB shall terminate at the expiration of February 12, 2000, or, in the case of any time deposit, the earliest maturity date after February 12, 2000, as provided in section 8(q) of the Act, 12 U.S.C. §1818(q).
IT IS FURTHER ORDERED, that IBJ shall give notice of such assumption to each of the depositors of LTCB within thirty days after such assumption has taken effect, if it has not already done so, in a manner acceptable to the Regional Director of the FDIC's New York Regional Office.
Pursuant to delegated authority.
Dated at Washington, D.C., this 2nd day of November, 1999.
