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FDIC Enforcement Decisions and Orders

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{{5-31-01 p.C-4455}}
   [11,466] In the Matter of Bank of Tokyo-Mitsubishi, Chicago, Illinois, Docket No. FDIC 97-93p (12-11-97)

   FDIC terminates insured status of bank that no longer receives deposits, other than trust funds.

In the Matter of

(Insured State Nonmember Bank)


   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 Bank of Tokyo-Mitsubishi, Chicago, Illinois ("Insured Institution"), is not engaged in the business of receiving deposits, other than trust funds, and issues the following 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, 1998, 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 it has not already done so, of the termination of its insured status no later than May 31, 1998, 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 11th day of December, 1997.

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Last Updated 6/6/2003

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