{{2-28-97 p.C-4296}}
[¶11,373]In the Matter of Canadian Imperial Bank of Commerce, New York, N.Y., Docket No. FDIC-96-139p (12-30-96)
FDIC terminates insured status of bank that no longer receives deposits, other than trust funds.
In the Matter of
CANADIAN IMPERIAL BANK OF
COMMERCE (NEW YORK)
NEW YORK CITY, NEW YORK
(Insured State Nonmember Bank)
ORDER OF TERMINATION OF
INSURANCE
FDIC-96-139p
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 Canadian Imperial Bank of Commerce (New York), New York City, 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 state nonmember bank be, and hereby is, terminated at the expiration of June 30, 1997, which is the last day of the first full semi-annual 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 31, 1997, in the manner required by section 308.124(c) of the FDIC's Rules and Regulations, 12 C.F.R. § 308.124(c).
Pursuant to delegated authority.
Dated at Washington, D.C., this 30th day of December, 1996.
