FDIC Federal Register Citations

[Federal Register: March 24, 1997 (Volume 62, Number 56)]

[Notices]

[Page 13886-13887]

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

[DOCID:fr24mr97-53]

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FEDERAL DEPOSIT INSURANCE CORPORATION

Determination of Insufficiency of Assets to Satisfy All Claims of

Financial Institution in Receivership

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Notice.

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

of the FSLIC Resolution Fund,

[[Page 13887]]

successor in interest to the Federal Savings and Loan Insurance

Corporation as receiver for Butterfield Savings and Loan Association,

Santa Ana, California, has determined that the proceeds which can be

realized from the liquidation of the assets of the receivership estate

are insufficient to allow a dividend, distribution or payment to any

holder of a claim or equity interest. Therefore, any such claims or

interests are hereby determined to be worthless.

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

FDIC, 550 17th Street, NW., Room H-11048, Washington, DC 20429.

Telephone: (202) 736-0168.

Dated: March 18, 1997.

Robert E. Feldman,

Deputy Executive Secretary.

[FR Doc. 97-7326 Filed 3-21-97; 8:45 am]

BILLING CODE 6714-01-P