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Each depositor insured to at least $250,000 per insured bank

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FDIC Federal Register Citations

[Federal Register: March 24, 1997 (Volume 62, Number 56)]
[Page 13886-13887]
From the Federal Register Online via GPO Access []
Determination of Insufficiency of Assets to Satisfy All Claims of 
Financial Institution in Receivership
AGENCY: Federal Deposit Insurance Corporation.
ACTION: Notice.
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]

Last Updated 03/24/1997

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