80 FR 60679 - Notice of Termination; 10157 First Security National Bank, Norcross, Georgia

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 80, Issue 194 (October 7, 2015)

Page Range		60679-60679
FR Document		2015-25418

Federal Register, Volume 80 Issue 194 (Wednesday, October 7, 2015)

[Federal Register Volume 80, Number 194 (Wednesday, October 7, 2015)]
[Notices]
[Page 60679]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-25418]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Notice of Termination; 10157 First Security National Bank, 
Norcross, Georgia

    The Federal Deposit Insurance Corporation (FDIC), as Receiver for 
10157 First Security National Bank, Norcross, Georgia (Receiver) has 
been authorized to take all actions necessary to terminate the 
receivership estate of First Security National Bank (Receivership 
Estate); The Receiver has made all dividend distributions required by 
law.
    The Receiver has further irrevocably authorized and appointed FDIC-
Corporate 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 October 01, 2015 the Receivership Estate has been 
terminated, the Receiver discharged, and the Receivership Estate has 
ceased to exist as a legal entity.

    Dated: October 1, 2015.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015-25418 Filed 10-6-15; 8:45 am]
 BILLING CODE 6714-01-P

Federal Register / Vol. 80, No. 194 / Wednesday, October 7, 2015 / Notices 60679

Average time per response: 4 hours check cashing account at an insured FEDERAL DEPOSIT INSURANCE
per respondent. depository institution (hereafter in this CORPORATION
Estimated Total Annual Burden: 4 section referred to as the ‘unbanked’)
hours × 2,000 respondents = 8,000 into the conventional finance system.’’ Notice of Termination; 10157 First
hours. Section 7 of the Reform Act further Security National Bank, Norcross,
instructs the FDIC to consider several Georgia
General Description of Collection
factors in its conduct of the surveys, The Federal Deposit Insurance
Small businesses are an important
component of the U.S. economy. including: ‘‘what cultural, language and Corporation (FDIC), as Receiver for
According to the Small Business identification issues as well as 10157 First Security National Bank,
Administration, small firms accounted transaction costs appear to most prevent Norcross, Georgia (Receiver) has been
for almost half of private-sector ‘unbanked’ individuals from authorized to take all actions necessary
employment and 63 percent of net new establishing conventional accounts’’. to terminate the receivership estate of
jobs between mid-1993 and 2013.1 The consumer account-focused First Security National Bank
Many small businesses have little or no questions are designed to provide a (Receivership Estate); The Receiver has
direct access to capital markets and are factual basis for examining made all dividend distributions
thus reliant on bank financing. For identification issues and transaction required by law.
banks, small business lending is an The Receiver has further irrevocably
costs related to establishing mainstream
important way that they help meet their authorized and appointed FDIC-
transaction accounts at banks. These
communities’ needs, especially for the Corporate as its attorney-in-fact to
consumer account-focused questions execute and file any and all documents
many banks that primarily focus on have been added to the Small Business
commercial rather than consumer that may be required to be executed by
Lending Survey in lieu of fielding a the Receiver which FDIC-Corporate, in
lending. separate second survey to respond to the
Due to the importance of small its sole discretion, deems necessary;
businesses to the U.S. economy and the Congressional mandate. The including but not limited to releases,
importance of bank lending to small consolidation of these efforts is discharges, satisfactions, endorsements,
businesses, the proposed FDIC Small expected to reduce the burden on banks assignments and deeds.
Business Lending Survey, which relative to fielding two separate surveys. Effective October 01, 2015 the
surveys banks, will provide important Receivership Estate has been
Request for Comment
data to complement existing sources of terminated, the Receiver discharged,
data on small business lending. The Comments are invited on: (a) Whether and the Receivership Estate has ceased
proposed survey data will not duplicate the collection of information is to exist as a legal entity.
existing sources of data and will provide necessary for the proper performance of Dated: October 1, 2015.
additional insight into many aspects of the FDIC’s functions, including whether Federal Deposit Insurance Corporation.
small business lending. the information has practical utility; (b) Robert E. Feldman,
The FDIC Small Business Lending the accuracy of the estimates of the Executive Secretary.
Survey, proposed to begin data burden of the information collection; (c) [FR Doc. 2015–25418 Filed 10–6–15; 8:45 am]
collection in May 2016, is designed to ways to enhance the quality, utility, and BILLING CODE 6714–01–P
yield heretofore unavailable nationally- clarity of the information to be
representative estimates on the volume collected; and (d) ways to minimize the
and details of small business loans FEDERAL DEPOSIT INSURANCE
burden of the information collection on
extended by FDIC-insured banks. In CORPORATION
respondents, including through the use
addition, the survey will provide new
of automated collection techniques or
information on banks’ perceived Notice of Termination; 10090 Security
competition and market area for small other forms of information technology.
Bank of North Metro, Woodstock,
business lending. The survey will yield The FDIC will consider all comments Georgia
nationally representative estimates of to determine the extent to which the
small business lending by banks of information collection should be The Federal Deposit Insurance
several different asset size categories modified prior to submission to OMB Corporation (FDIC), as Receiver for
and with different levels of urban or for review and approval. After the 10090 Security Bank of North Metro,
rural presence. comment period closes, comments will Woodstock, Georgia (Receiver) has been
In addition to the questions on small be summarized and/or included in the authorized to take all actions necessary
business lending, the new survey will FDIC’s request to OMB for approval of to terminate the receivership estate of
include some questions related to the collection. All comments will Security Bank of North Metro
consumer transaction accounts that are become a matter of public record. (Receivership Estate); The Receiver has
directly responsive to the mandate in made all dividend distributions
Section 7 of the Federal Deposit Dated at Washington, DC, this 2nd day of required by law.
Insurance Reform Conforming October, 2015. The Receiver has further irrevocably
Amendments Act of 2005 (‘‘Reform Federal Deposit Insurance Corporation. authorized and appointed FDIC-
Act’’) (Pub. L. 109–173), which calls for Robert E. Feldman, Corporate as its attorney-in-fact to
execute and file any and all documents
asabaliauskas on DSK5VPTVN1PROD with NOTICES

the FDIC to conduct ongoing surveys Executive Secretary.
‘‘on efforts by insured depository that may be required to be executed by
[FR Doc. 2015–25507 Filed 10–6–15; 8:45 am]
institutions to bring those individuals the Receiver which FDIC-Corporate, in
BILLING CODE 6714–01–P
and families who have rarely, if ever, its sole discretion, deems necessary;
held a checking account, a savings including but not limited to releases,
account or other type of transaction or discharges, satisfactions, endorsements,
assignments and deeds.
i https://www.sba.gov/sites/default/files/ Effective October 1, 2015 the
FAQ_March_2014_0.pdf, accessed Sep 15, 2015. Receivership Estate has been

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Document Created: 2015-12-15 08:49:47
Document Modified: 2015-12-15 08:49:47

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		80 FR 60679