FDIC Federal Register Citations

[Federal Register: October 30, 1997 (Volume 62, Number 210)]

[Notices]

[Page 58732]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr30oc97-59]

[[Page 58732]]

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FEDERAL DEPOSIT INSURANCE CORPORATION

Determination of Insufficiency of Assets To Satisfy All Claims of

Certain Financial Institution in Receivership

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Notice.

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SUMMARY: The Federal Deposit Insurance Corporation (FDIC), as receiver

for the financial institution specified in SUPPLEMENTARY INFORMATION,

has determined that the proceeds which can be realized from the

liquidation of the assets of the below listed receivership estate are

insufficient to wholly satisfy the priority claims of depositors

against the receivership estate. Therefore, upon satisfaction of

secured claims, depositor claims and claims which have priority over

depositors under applicable law, no amount will remain or will be

recovered sufficient to allow a dividend, distribution or payment to

any creditor of lessor priority, including but not limited to, claims

of general creditors. Any such claims are hereby determined to be

worthless.

FOR FURTHER INFORMATION CONTACT: Thomas Bolt, Counsel, Legal Division,

FDIC, 550 17th Street, N.W., Room H-11048, Washington, D.C. 20429.

Telephone: (202) 736-0168.

SUPPLEMENTARY INFORMATION:

Financial Institution in Receivership Determined to Have Insufficient

Assets to Satisfy All Claims

Eastland Savings Bank, #4558, Woonsocket, Rhode Island.

Dated: October 23, 1997.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

[FR Doc. 97-28706 Filed 10-29-97; 8:45 am]

BILLING CODE 6714-01-P