81 FR 6263 - Notice of Termination; 10303 Progress Bank of Florida; Tampa, Florida

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 81, Issue 24 (February 5, 2016)

Page Range		6263-6263
FR Document		2016-02235

Federal Register, Volume 81 Issue 24 (Friday, February 5, 2016)

[Federal Register Volume 81, Number 24 (Friday, February 5, 2016)]
[Notices]
[Page 6263]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-02235]


-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION


Notice of Termination; 10303 Progress Bank of Florida; Tampa, 
Florida

    The Federal Deposit Insurance Corporation (FDIC), as Receiver for 
10303 Progress Bank of Florida, Tampa, Florida (Receiver) has been 
authorized to take all actions necessary to terminate the receivership 
estate of Progress Bank of Florida (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 February 1, 2016, the Receivership Estate has been 
terminated, the Receiver discharged, and the Receivership Estate has 
ceased to exist as a legal entity.

    Dated: February 2, 2016.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-02235 Filed 2-4-16; 8:45 am]
 BILLING CODE 6714-01-P

Federal Register / Vol. 81, No. 24 / Friday, February 5, 2016 / Notices 6263

of automated collection techniques or international ocean transportation Port Forum), Baltimore, MD (Mid-
other forms of information technology. system that supports the transportation Atlantic and Northeast Port Forum),
The FDIC will consider all comments of goods by water. The purposes of the Charleston, SC (South Atlantic Port
to determine the extent to which the Shipping Act include the requirements Forum) and New Orleans, LA (Gulf
survey instruments should be modified to ‘‘provide an efficient and economic Coast Port Forum). The forums brought
prior to submission to OMB for review transportation system in the ocean together port officials, ocean carriers,
and approval. After the comment period commerce of the United States that is, trucking and warehousing service
closes, comments will be summarized insofar as possible, in harmony with, providers, beneficial cargo owners,
and included in the FDIC’s request to and responsive to, international marine terminal operators, stevedoring
OMB for approval of the collection. All shipping practices,’’ and also ‘‘to companies, ocean transportation
comments will become a matter of promote the growth and development of intermediaries, and port labor to discuss
public record. United States exports through and offer ideas to address port
Dated at Washington, DC, this 2nd day of
competitive and efficient ocean congestion. The comments and
February, 2016. transportation and by placing a greater suggestions offered at those forums were
Federal Deposit Insurance Corporation.
reliance on the marketplace.’’ summarized and developed in an FMC
In carrying out its broad report entitled ‘‘U.S. Port Congestion &
Robert E. Feldman, responsibilities under the Shipping Act Related International Supply Chain
Executive Secretary. with respect to ocean common carriers, Issues: Causes, Consequences and
[FR Doc. 2016–02237 Filed 2–4–16; 8:45 am] U.S. ports, marine terminal operators, Challenges’’ that was released in July
BILLING CODE 6714–01–P ocean transportation intermediaries and 2015.
the American exporters and importers The report identified six major themes
they serve, the Commission has from the port forums: Investment and
FEDERAL DEPOSIT INSURANCE developed an understanding of and an planning; chassis availability and
CORPORATION expertise in evaluating the U.S. related issues; port drayage and truck
international supply chain. As the turn times; extended gate hours,
Notice of Termination; 10303 Progress premier competition agency with PierPASS, and congestion pricing;
Bank of Florida; Tampa, Florida oversight responsibilities for the United vessel and terminal operations; and
The Federal Deposit Insurance States foreign ocean transportation supply chain planning, collaboration,
Corporation (FDIC), as Receiver for system, the Commission has extensive and communication. Some of these
10303 Progress Bank of Florida, Tampa, experience with global maritime and topics involve longer-term issues such
Florida (Receiver) has been authorized marine terminal innovation and as investment and planning. Others
to take all actions necessary to terminate efficiency issues. focus on short and medium-term
the receivership estate of Progress Bank Maintaining the effectiveness and concerns. All of them, however, are at
of Florida (Receivership Estate); the reliability of America’s global supply the heart of current efforts by various
Receiver has made all dividend chain is critically important to the groups to develop the flexible, resilient
distributions required by law. Nation’s continued economic vitality. and reliable systems necessary for
The Receiver has further irrevocably Approximately $980 billion of ensuring well-functioning international
authorized and appointed FDIC- containerized ocean commerce moves supply chains.
Corporate as its attorney-in-fact to through U.S. ports annually. The Commission has also advanced
execute and file any and all documents Unfortunately, congestion and related port and marine terminal efforts to
bottlenecks at ports and other points in improve supply chain efficiency by
that may be required to be executed by
the Nation’s supply chain have become expediting the implementation of port
the Receiver which FDIC-Corporate, in
a serious risk to the growth of the U.S. and terminal amendments aimed at
its sole discretion, deems necessary;
economy, job growth, and to our enhancing the efficient flow of cargo.
including but not limited to releases,
Nation’s competitive position in the For example, several port and marine
discharges, satisfactions, endorsements,
world. Past congestion at major U.S. terminal operator agreements on file
assignments and deeds.
ports has highlighted the impact of with the Commission that cover the
Effective February 1, 2016, the
congestion on the U.S. economy. As a Pacific Coast ports, commit the parties
Receivership Estate has been
result, the U.S. economy suffered to exploring measures for achieving
terminated, the Receiver discharged,
billions of dollars in losses to the supply improvements with regard to
and the Receivership Estate has ceased congestion, efficiency, fluidity, and
chain.
to exist as a legal entity. other operational conditions.*
In addition, congestion problems
Dated: February 2, 2016. contributed to hundreds of millions of Given the economic importance of
Federal Deposit Insurance Corporation. dollars in losses for U.S. agricultural reliable port and terminal operations to
Robert E. Feldman, exporters including poultry and meat the effectiveness of the United States
Executive Secretary. farmers. Perishable fruit and vegetable international supply chain, and the
[FR Doc. 2016–02235 Filed 2–4–16; 8:45 am] exporters suffered when their cargo was Commission’s mandate to ensure an
not loaded onto ships and sent overseas efficient and economic transportation
BILLING CODE 6714–01–P
within specific time frames. system for its ocean commerce, the
Although the congestion crisis has Commission has a clear and compelling
receded, unresolved supply chain
FEDERAL MARITIME COMMISSION
mstockstill on DSK4VPTVN1PROD with NOTICES

problems that could produce new * The Los Angeles and Long Beach Port
Infrastructure and Environmental Programs
International Ocean Transportation challenges remain. Cooperative Working Agreement (FMC No. 201219),
Supply Chain Engagement; Order In response to those events, and the West Coast MTO Agreement (FMC No. 201143),
desire of affected parties to find ways to Pacific Ports Operational Improvements Agreement
Pursuant to the Shipping Act of 1984, prevent or mitigate similar future (FMC No. 201227), Ocean Carrier Equipment
Management Association (FMC No. 202–011284),
46 U.S.C. 40101 et seq. (Shipping Act), occurrences, the Commission hosted and Los Angeles/Long Beach Port Terminal
the Federal Maritime Commission (FMC four regional port forums during the fall Operator Administrative and Implementation
or Commission) regulates the U.S. of 2014, in San Pedro, CA (West Coast Agreement (FMC No. 201178).

VerDate Sep<11>2014 18:22 Feb 04, 2016 Jkt 238001 PO 00000 Frm 00039 Fmt 4703 Sfmt 4703 E:\FR\FM\05FEN1.SGM 05FEN1

Document Created: 2016-02-05 00:16:54
Document Modified: 2016-02-05 00:16:54

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		81 FR 6263