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Federal Register / Vol. 86, No. 27 / Thursday, February 11, 2021 / Notices circumstances or conditions related to the subject accounts; or failure to satisfy conditions applicable to each. The following exception was granted by the FDIC as of February 4, 2021.
I. Mortgage Servicing Accounts for Which the Covered Institutions System of Record Cannot Calculate Principal and Interest at an Account Level at a Given Point in Time The FDIC granted time-limited exception relief to covered institutions up to March 31, 2022, from the information technology system requirements of 12 CFR 370.3 and the recordkeeping requirements of 12 CFR
370.4 for principal and interest payments held in mortgage servicing accounts for which the covered institutions act as servicers or subservicers. The recommended relief will provide the covered institutions additional time to remediate their servicing platforms and internal processing capabilities pending further direction from the FDIC.
Pursuant to 12 CFR 330.7d, mortgage principal and interest payments are insured for the cumulative balance paid into the account by the mortgagors, up to the limit of the standard maximum deposit insurance amount per mortgagor. If a covered institution does not maintain deposit records that enable it to calculate deposit insurance, the covered institution must maintain, at a minimum, the following in its deposit account records: i The unique identifier of the account holder; and ii the corresponding pending reason
code listed in pending file format set forth in Appendix B to Part 370.
The covered institutions service the mortgage loans using platforms hosted by third party vendors. Principal and interest payments from mortgagors are placed into the mortgage servicing accounts with the funds held in custody for the investors that own the underlying mortgages. Because the loans are tracked and managed as a group by pool, the servicing platforms do not have a mechanism to allocate the mortgage servicing accounts balances to specific mortgagors. As a result, the covered institutions do not have a process to input mortgagor principal and interest data into their information technology systems to calculate deposit insurance coverage for the mortgage servicing accounts.
Remediation efforts are underway and include the development of a business requirements document, system updates, implementation, and testing.
However, a number of the covered institutions have asked the FDIC for additional clarification of the part 370
recordkeeping rule with respect to the mortgage servicing accounts to determine how to produce borrower account level principal and interest data on a date of failure. Given the complexities of payments to investors under the agreements with the covered institutions, additional information from the FDIC is needed to finalize programming logic and various business requirements documents between the Banks and their service providers.
The FDICs grant of relief is subject to the condition that each covered
institution must submit within 60 days, upon receipt of additional information from the FDIC with respect to the part 370 processing for the mortgage servicing account ownership right and capacity code, a status report setting forth the project plan and timeline for integrating the mortgage servicing account ownership right and capacity code processing capabilities into the covered institutions information technology system.
The FDIC reserves the right to rescind or modify the grant of relief upon any material change of circumstances or conditions related to the accounts subject to this request.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on February 5, 2021.
James P. Sheesley, Assistant Executive Secretary.
FR Doc. 202102781 Filed 21021; 8:45 am BILLING CODE 671401P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice of Termination of Receiverships The Federal Deposit Insurance Corporation FDIC or Receiver, as Receiver for each of the following insured depository institutions, was charged with the duty of winding up the affairs of the former institutions and liquidating all related assets. The Receiver has fulfilled its obligations and made all dividend distributions required by law.

NOTICE OF TERMINATION OF RECEIVERSHIPS
Fund
khammond on DSKJM1Z7X2PROD with NOTICES

10152
10245
10277
10280
10502

Receivership name
City
State
The Buckhead Community Bank
Sun West Bank
Palos Bank And Trust Company
Imperial Savings & Loan Association
Valley Bank

Atlanta
Las Vegas
Palos Heights
Martinsville
Moline

GA
NV
IL
VA
IL

The Receiver has further irrevocably authorized and appointed FDICCorporate as its attorney-in-fact to execute and file any and all documents that may be required to be executed by the Receiver which FDIC-Corporate, in its sole discretion, deems necessary, including but not limited to releases, discharges, satisfactions, endorsements, assignments, and deeds. Effective on the termination dates listed above, the Receiverships have been terminated, the Receiver has been discharged, and the
VerDate Sep<11>2014

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Receiverships have ceased to exist as legal entities.
Authority: 12 U.S.C. 1819
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on February 5, 2021.
James P. Sheesley, Assistant Executive Secretary.
FR Doc. 202102783 Filed 21021; 8:45 am BILLING CODE 671401P

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Food and Drug Administration Docket No. FDA2021N0173

Vaccines and Related Biological Products Advisory Committee; Notice of Meeting; Establishment of a Public Docket; Request for Comments Food and Drug Administration,
HHS.

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DEPARTMENT OF HEALTH AND
HUMAN SERVICES

AGENCY:

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