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{{11-30-03 p.C-5648}}

   [11,996] In the Matter of State Bank of India, Flushing, New York, Docket No. 02-144p (12-9-02).

   FDIC terminates insured status of bank that no longer receives deposits.

In the Matter of
STATE BANK OF INDIA FLUSHING BRANCH
FLUSHING, NEW YORK
(Insured Branch of a Foreign Bank)
ORDER OF TERMINATION OF INSURANCE

FDIC-02-144p

   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 State Bank of India, Flushing Branch, Flushing, New York ("Insured Institution"), is not engaged in the business of 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 branch of a foreign bank, be and hereby is, terminated at the expiration of June 30, 2003, which is the last day of the first full semiannual assessment period following the date of issuance of this ORDER.

   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, 2003, 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).

   Pursuant to delegated authority.

   Dated at Washington, D.C., this 9th day of December, 2002.

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Last Updated 12/7/2003 legal@fdic.gov