80 FR 67403 - Notice of Termination, 10461 First East Side Savings Bank, Tamarac, Florida

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 80, Issue 211 (November 2, 2015)

Page Range		67403-67403
FR Document		2015-27851

Federal Register, Volume 80 Issue 211 (Monday, November 2, 2015)

[Federal Register Volume 80, Number 211 (Monday, November 2, 2015)]
[Notices]
[Page 67403]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-27851]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Notice of Termination, 10461 First East Side Savings Bank, 
Tamarac, Florida

    The Federal Deposit Insurance Corporation (FDIC), as Receiver for 
10461 First East Side Savings Bank, Tamarac, Florida (Receiver) has 
been authorized to take all actions necessary to terminate the 
receivership estate of First East Side Savings 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 1, 2015 the Receivership Estate has been 
terminated, the Receiver discharged, and the Receivership Estate has 
ceased to exist as a legal entity.

    Dated: October 28, 2015.

Federal Deposit Insurance Corporation
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015-27851 Filed 10-30-15; 8:45 am]
 BILLING CODE 6714-01-P

Federal Register / Vol. 80, No. 211 / Monday, November 2, 2015 / Notices 67403

General Description of Collection: The 7. Title: Furnisher Information technology. All comments will become
regulation containing this information Accuracy and Integrity (FACTA 312). a matter of public record.
collection requirement is 12 CFR part OMB Number: 3064–0161. Dated at Washington, DC, this 28th day of
334, which implements sections 114 Affected Public: State nonmember October 2015.
and 315 of the Fair and Accurate Credit banks. Federal Deposit Insurance Corporation.
Transactions Act of 2003 (FACT Act), Policies and Procedures:
Robert E. Feldman,
Public Law 108–159 (2003). Estimated Number of Respondents:
4,049. Executive Secretary.
FACT Act Section 114: Section 114
Estimated Burden per Respondent: 40 [FR Doc. 2015–27836 Filed 10–30–15; 8:45 am]
requires the Agencies to jointly propose
guidelines for financial institutions and hours (24 hours to implement written BILLING CODE 6714–01–P

creditors identifying patterns, practices, policies and procedures and training
and specific forms of activity that associated with the written policies and
indicate the possible existence of procedures; 8 hours to amend FEDERAL DEPOSIT INSURANCE
identity theft. In addition, each financial procedures for handling complaints CORPORATION
institution and creditor is required to received directly from consumers; and,
Notice of Termination, 10461 First East
establish reasonable policies and 8 hours to implement the new dispute Side Savings Bank, Tamarac, Florida
procedures to address the risk of notice requirements.)
identity theft that incorporate the Estimated Annual Burden: 161,960 The Federal Deposit Insurance
guidelines. Credit card and debit card hours (4,049 × 40 hours). Corporation (FDIC), as Receiver for
issuers must develop policies and Frivolous or Irrelevant Dispute 10461 First East Side Savings Bank,
procedures to assess the validity of a Notices: Tamarac, Florida (Receiver) has been
request for a change of address under Number of Frivolous or Irrelevant authorized to take all actions necessary
certain circumstances. Dispute Notices: 88,980. to terminate the receivership estate of
The information collections pursuant Estimated Burden per Frivolous or First East Side Savings Bank
to section 114 require each financial Irrelevant Dispute Notice: 14 minutes. (Receivership Estate); The Receiver has
institution and creditor to create an Estimated Annual Burden: 20,762 made all dividend distributions
Identify Theft Prevention Program and hours (88,980 × 14/60). required by law.
report to the board of directors, a Total Estimated Annual Burden: The Receiver has further irrevocably
committee thereof, or senior 182,722 hours (161,960 hours for authorized and appointed FDIC-
management at least annually on policies and procedures plus 20,762 Corporate as its attorney-in-fact to
compliance with the proposed hours for frivolous and irrelevant execute and file any and all documents
regulations. In addition, staff must be dispute notices). that may be required to be executed by
trained to carry out the program. Each General Description of the Collection: the Receiver which FDIC-Corporate, in
credit and debit card issuer is required FDIC is required by section 312 of the its sole discretion, deems necessary;
to establish policies and procedures to Fair and Accurate Credit Transactions including but not limited to releases,
assess the validity of a change of Act of 2003 (FACT Act) to issue discharges, satisfactions, endorsements,
address request. The card issuer must guidelines for use by furnishers assignments and deeds.
notify the cardholder or use another regarding the accuracy and the integrity Effective October 1, 2015 the
means to assess the validity of the of the information about consumers that Receivership Estate has been
change of address. they furnish to consumer reporting terminated, the Receiver discharged,
FACT Act Section 315: Section 315 agencies, and prescribe regulations and the Receivership Estate has ceased
requires the Agencies to issue requiring furnishers to establish to exist as a legal entity.
regulations providing guidance reasonable policies and procedures for Dated: October 28, 2015.
regarding reasonable policies and implementing guidelines. Section 312
Federal Deposit Insurance Corporation
procedures that a user of consumer also requires the Agencies to issue
Robert E. Feldman,
reports must employ when such a user regulations identifying the
receives a notice of address discrepancy circumstances under which a furnisher Executive Secretary.
from a consumer reporting agencies. must reinvestigate disputes about the [FR Doc. 2015–27851 Filed 10–30–15; 8:45 am]
Part 334 provides such guidance. Each accuracy of information contained in a BILLING CODE 6714–01–P
user of consumer reports must develop consumer report based on a direct
reasonable policies and procedures that request from a consumer
it will follow when it receives a notice FEDERAL DEPOSIT INSURANCE
of address discrepancy from a consumer Request for Comment CORPORATION
reporting agency. A user of consumer Comments are invited on: (a) Whether
the collections of information are Notice of Termination, 10466
reports must furnish an address that the
necessary for the proper performance of Hometown Community Bank,
user has reasonably confirmed to be
the FDIC’s functions, including whether Braselton, Georgia
accurate to the consumer reporting
agency from which it receives a notice the information has practical utility; (b) The Federal Deposit Insurance
of address discrepancy. the accuracy of the estimates of the Corporation (FDIC), as Receiver for
The Agencies believe that the entities burden of the collections of information, 10466 Hometown Community Bank,
covered by the proposed regulation are including the validity of the Braselton, Georgia (Receiver) has been
asabaliauskas on DSK5VPTVN1PROD with NOTICES

already furnishing addresses that they methodology and assumptions used; (c) authorized to take all actions necessary
have reasonably confirmed to be ways to enhance the quality, utility, and to terminate the receivership estate of
accurate to consumer reporting agencies clarity of the information to be Hometown Community Bank
from which they receive a notice of collected; and (d) ways to minimize the (Receivership Estate); The Receiver has
address discrepancy as a usual and burden of the collections of information made all dividend distributions
customary business practice. Therefore, on respondents, including through the required by law.
this requirement is not included in the use of automated collection techniques The Receiver has further irrevocably
burden estimates set out below. or other forms of information authorized and appointed FDIC-

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Document Created: 2018-03-01 11:29:32
Document Modified: 2018-03-01 11:29:32

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 67403