[¶12,620] In the Matter of New York Life Trust Company, FSB, Parsippany, New
Jersey, Docket No. 06-115p (6-28-06).
Status of bank as Insured Savings Association terminated.
In the Matter of
NEW YORK LIFE TRUST COMPANY, FSB PARSIPPANY, NEW JERSEY (Insured Savings Association)
ORDER OF TERMINATION OF INSURANCE
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 New York Life Trust Company, FSB,
Parsippany, New Jersey ("New York Life") is not engaged in the
business of receiving deposits, other than trust funds, and issues the
IT IS HEREBY ORDERED, that the status of New York Life as a
savings association be, and hereby is, terminated at the expiration of
December 31, 2006, 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 New York Life shall notify its depositors,
if any, of the termination of its insured status no later than November
30, 2006, 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 28th day of June, 2006.