{{10-31-92 p.C-2452.6}}
[¶10,576] In the Matter of New York Capital Bank, National Association, New York City, New York, Docket No. FDIC-92-185q (6-30-92).
Liability for its deposits having been assumed by another institution, Bank's insured status is terminated.
In the Matter of
NEW YORK CAPITAL BANK,
NATIONAL
ASSOCIATION
NEW YORK CITY, NEW YORK
(Insured National Bank)
ORDER OF APPROVAL
OF TERMINATION OF
INSURANCE
FDIC-92-185q
Pursuant to section 8(q) of the Federal Deposit Insurance Act ("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 New York Capital Bank, National Association, New York City, New York ("Insured Institution"), has provided to the FDIC on October 31, 1991, satisfactory evidence that its liabilities for deposits have been assumed by Banco Popular de Puerto Rico, San Juan, Puerto Rico, on the 19th day of August, 1991, hereby issues the following ORDER:
ORDER
IT IS HEREBY ORDERED, that the status of the Insured Institution as an insured National bank, has been, and hereby is, terminated as of October 31, 1991.
IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by Banco Popular de Puerto Rico, San Juan, Puerto Rico, from the Insured Institution shall terminate at the expiration of the 19th day of February 1992, or in the case of any time deposit, the earliest maturity date after February 19, 1992, as provided in section 8(q) of the Act, 12 U.S.C. § 1818(q).
IT IS FURTHER ORDERED, that Banco Popular de Puerto Rico shall give notice of such assumption to each of the depositors of the Insured Institution immediately, 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 30th day of June, 1992.
Pursuant to delegated authority.
