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FEDERAL
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VOLUME 9

REGISTER
1934

i/AfiTEO

NUMBER 93

Washington, Wednesday, May 10, 1944
Regulations TITLE 12BANKS AND BANKING
Chapter IIIFederal Deposit Insurance Corporation P art 309V oluntary T ermination op .
I nsured S tatus Sec.
509.1 Steps to be taken and records to be furnished the Corporation by an insured nonmember bank in liqui dation.
509.2 Steps to be taken and records to be furnished the Corporation by a member bank in liquidation both State and national.
309.3 Steps to be taken and records to be furnished the Corporation where deposits are assumed by another in sured bank.
Authority: 309.1 to 309.3, inclusive, issued under 12 U.S.C. 264 j, h and i.

amended, shall terminate ninety 90 days from the date of the receipt by the Federal Deposit Insurance Corporation of a copy of this resolution;
2 T h a t ___ ____________ _______ _____
Cashier or other officer Is hereby directed to immediately forward a certified copy of this resolution to the Federal Deposit Insurance Corporation, Washington, D. C., which shall constitute the notice of termination prescribed in paragraph 1 , sub section i of said section 12B.

Upon receipt of a certified copy of the aforesaid resolution the Corporation will promptly advise the bank of the date of the receipt thereof, and confirm the date of the termination of its insured status.
Thereupon, and prior to the termina tion date, the bank shall give notice to its depositors of the termination of its insured status. Such notice shall be 1
mailed to each depositor at his last ad dress of record as shown upon the books 309.1 Steps to be taken and records of the bank; 2 published in not less than two issues of a local newspaper of to be furnished the Corporation by an in sured nonmember bank iri liquidation. general circulation, and 3 in form sub a Whenever a nonmember bank goes stantially as follows:
into liquidation and its insured status has not been terminated by the board1 and Date its deposit liabilities are not assumed by N otice to D epositors:
another insured bank, it shall terminate P lease be advised that the status of the its status as an insured bank in accord name of bank city or town State ance with the provisions of paragraph 1, subsection i of section 12B of the as an insured bank under the provisions of 12B of the Federal Reserve Act, as Federal Reserve Act, as amended.2 To section amended, will terminate on t h e _____ day effect such termination the bank shall o f ----------------------- 19
adopt a resolution in form substantially You are fu r th e r advised that your insured as follows:
deposits in this bank on the date of termina R esolved:

1

th at th e
status of the
Name of bank City or town sta te as an insured bank under the provisions of section 12B of the Federal Reserve Act, as 1Board means board of directors of the Federal Deposit Insurance Corporation.
2 The Federal Deposit Insurance Act 12
U.S.C. 264 provides in subsection i 1, in part, as follows: "Any insured bank Ex cept a national member bank or State mem ber bank may, upon not less than ninety days written notice to the Corporation, aM
to the Reconstruction Finance Corporation if it owns or holds as pledgee any preferred stock, capital notes, or debentures of such bank, terminate its status as an insured bank After the termination of the
tion will continue to be insured within the limitations provided by law.
Name of bank Address insured status of any bank the insured deposits of each depositor in the bank on the date of such termination, less all subsequent withdrawals from any de posits of such depositor, shall continue for a period of two years to be insured, and. the bank shall continue to pay to the Corpora tion assessments as in the case of an in sured bank during such period.
Italics supplied.
If the bank desires to fix a later date of termination, it may do so as the law pre scribes only the minimum notice period which is 90 days.
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CONTENTS
REGULATIONS AND NOTICES
A lien P roperty Custodian :

Page
Proceeding for allowance of claim; Meehanite Metal Corp., et al--------------------Vesting orders:
Fortuna-Werke A. G_______
Horikoshi, Z., and Co., Inc___
Lunsmann, H. A___________
Metrowatt A. G____________
MiWa, J. S., and Co., Ltd____
Nakayama, Yemiko and Akira.

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Civil A eronautics Administration :

Civil airway designation; San Antonio, Tex., to Big Spring, Tex. Blue 30___________
Control airport designation:
Melbourne Naval Air Station, Fla--------- -------------------Pueblo Municipal Airport, Colo----------------------------Radio fix redesignation:
San Antonio, Tex., to Big Spring, Tex. Green 3__
San Francisco, Calif., to New York, N. Y. Blue 30___

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Coal M ines A dministration:

Thornbottom Coal and Coke Co., et al., termination of Government possession___

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F ederal D eposit I nsurance C orpo ration:

Insured status, voluntary ter mination ____________

4927

F oreign E conomic A dministration:

Commodities, applications to export----------------------------Exportations, prohibited______
Gifts to prisoners of war and in ternees, general license___
Jute bags, license for export to Cuba and Dominican Re public-----------------------------

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G eneral L and O ffice :

Alaska, land withdrawal for classification 2
docu ments __________________
Utah, modification of grazing districts_________________

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I ndian A ffairs O ffice :

Colville Irrigation Project, Wash., operation and main tenance charges______ ___ 4930
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