81 FR 9196 - Notice to All Interested Parties of the Termination of the Receivership of 10227, Champion Bank, Creve Coeur, MO

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 81, Issue 36 (February 24, 2016)

Page Range		9196-9196
FR Document		2016-03907

Federal Register, Volume 81 Issue 36 (Wednesday, February 24, 2016)

[Federal Register Volume 81, Number 36 (Wednesday, February 24, 2016)]
[Notices]
[Page 9196]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-03907]


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

FEDERAL DEPOSIT INSURANCE CORPORATION


Notice to All Interested Parties of the Termination of the 
Receivership of 10227, Champion Bank, Creve Coeur, MO

    Notice is hereby given that the Federal Deposit Insurance 
Corporation (``FDIC'') as Receiver for Champion Bank, Creve Coeur, MO 
(``the Receiver'') intends to terminate its receivership for said 
institution. The FDIC was appointed receiver of Champion Bank on April 
30, 2010. The liquidation of the receivership assets has been 
completed. To the extent permitted by available funds and in accordance 
with law, the Receiver will be making a final dividend payment to 
proven creditors.
    Based upon the foregoing, the Receiver has determined that the 
continued existence of the receivership will serve no useful purpose. 
Consequently, notice is given that the receivership shall be 
terminated, to be effective no sooner than thirty days after the date 
of this Notice. If any person wishes to comment concerning the 
termination of the receivership, such comment must be made in writing 
and sent within thirty days of the date of this Notice to: Federal 
Deposit Insurance Corporation, Division of Resolutions and 
Receiverships, Attention: Receivership Oversight Department 32.1, 1601 
Bryan Street, Dallas, TX 75201.
    No comments concerning the termination of this receivership will be 
considered which are not sent within this time frame.

    Dated: February 19, 2016.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-03907 Filed 2-23-16; 8:45 am]
 BILLING CODE 6714-01-P

9196 Federal Register / Vol. 81, No. 36 / Wednesday, February 24, 2016 / Notices

available to the FDIC value-at-risk and FEDERAL DEPOSIT INSURANCE $1,128,000,000, based on the annual
profit and loss information on sub- CORPORATION percentage increase in the Consumer
portfolios for two years. Section Price Index for all urban consumers
324.206(b)(3) requires FDIC-supervised Notice to All Interested Parties of the (CPI–U) as published by the Department
institutions to have policies and Termination of the Receivership of of Labor (DOL). These changes took
procedures that describe how they 10227, Champion Bank, Creve Coeur, effect on January 1, 2016.
determine the period of significant MO FOR FURTHER INFORMATION CONTACT:
financial stress used to calculate the Kaitlin Hildner, Division of Federal
Notice is hereby given that the Federal
institution’s stressed value-at-risk Home Loan Bank Regulation, (202) 649–
Deposit Insurance Corporation (‘‘FDIC’’)
models and to obtain prior FDIC 3329, Kaitlin.Hildner@fhfa.gov, or Eric
as Receiver for Champion Bank, Creve
approval for any material changes to M. Raudenbush, Assistant General
Coeur, MO (‘‘the Receiver’’) intends to
these policies and procedures. Counsel, (202) 649–3084,
terminate its receivership for said
Section 324.207(b)(1) details Eric.Raudenbush@fhfa.gov, (not toll-free
institution. The FDIC was appointed
requirements applicable to a FDIC- numbers), Federal Housing Finance
receiver of Champion Bank on April 30,
supervised institution when the FDIC- Agency, Constitution Center, 400
2010. The liquidation of the
supervised institution uses internal Seventh Street SW., Washington, DC
receivership assets has been completed.
models to measure the specific risk of 20219.
To the extent permitted by available
certain covered positions. Section funds and in accordance with law, the SUPPLEMENTARY INFORMATION:
324.208 requires FDIC-supervised Receiver will be making a final dividend I. Statutory and Regulatory Background
institutions to obtain prior written FDIC payment to proven creditors.
approval for incremental risk modeling. Based upon the foregoing, the The Federal Home Loan Bank Act
Section 324.209(a) requires prior FDIC Receiver has determined that the (Bank Act) confers upon insured
approval for the use of a comprehensive continued existence of the receivership depository institutions that meet the
risk measure. Section 324.209(c)(2) will serve no useful purpose. statutory definition of a ‘‘Community
requires FDIC-supervised institutions to Consequently, notice is given that the Financial Institution’’ (CFI) certain
retain and report the results of advantages over non-CFI insured
receivership shall be terminated, to be
supervisory stress testing. Section depository institutions in qualifying for
effective no sooner than thirty days after
324.210(f)(2)(i) requires FDIC- Federal Home Loan Bank (Bank)
the date of this Notice. If any person
supervised institutions to document an membership, and in the purposes for
wishes to comment concerning the
internal analysis of the risk which they may receive long-term
termination of the receivership, such
characteristics of each securitization advances and the collateral they may
comment must be made in writing and
position in order to demonstrate an pledge to secure advances.1 Section
sent within thirty days of the date of
understanding of the position. Section 2(10)(A) of the Bank Act and § 1263.1 of
this Notice to: Federal Deposit
324.212 requires quarterly quantitative FHFA’s regulations define a CFI as any
Insurance Corporation, Division of
disclosures, annual qualitative Bank member the deposits of which are
Resolutions and Receiverships,
disclosures, and a formal disclosure insured by the Federal Deposit
Attention: Receivership Oversight
policy approved by the board of Insurance Corporation and that has
Department 32.1, 1601 Bryan Street,
directors that addresses the approach for average total assets below a statutory
Dallas, TX 75201.
determining the market risk disclosures cap.2 The Bank Act was amended in
No comments concerning the
it makes. 2008 to set the statutory cap at $1
termination of this receivership will be
billion and to require the Director of
Request for Comment considered which are not sent within
FHFA to adjust the cap annually to
this time frame.
reflect the percentage increase in the
Comments are invited on: (a) Whether Dated: February 19, 2016. CPI–U, as published by the DOL, for the
the collection of information is Federal Deposit Insurance Corporation. prior year.3 For 2015, FHFA set the CFI
necessary for the proper performance of
Robert E. Feldman, asset cap at $1,123,000,000, which
the FDIC’s functions, including whether
Executive Secretary. reflected a 1.3 percent increase over
the information has practical utility; (b)
[FR Doc. 2016–03907 Filed 2–23–16; 8:45 am] 2014, based upon the increase in the
the accuracy of the estimates of the
CPI–U between 2013 and 2014.4
burden of the information collection, BILLING CODE 6714–01–P
including the validity of the II. The CFI Asset Cap for 2016
methodology and assumptions used; (c) As of January 1, 2016, FHFA has
ways to enhance the quality, utility, and FEDERAL HOUSING FINANCE increased the CFI asset cap from
clarity of the information to be AGENCY $1,123,000,000 to $1,128,000,000,
collected; and (d) ways to minimize the [No. 2016–N–01] which reflects a 0.5 percent increase in
burden of the information collection on the unadjusted CPI–U from November
respondents, including through the use Notice of Annual Adjustment of the 2014 to November 2015. The new
of automated collection techniques or Cap on Average Total Assets That amount was obtained by rounding to the
other forms of information technology. Defines Community Financial nearest million, as has been the practice
All comments will become a matter of Institutions for all prior adjustments. Consistent
public record. with the practice of other Federal
mstockstill on DSK4VPTVN1PROD with NOTICES

AGENCY: Federal Housing Finance
Dated at Washington, DC, this 19th day of agencies, FHFA bases the annual
Agency.
February, 2016. adjustment to the CFI asset cap on the
Federal Deposit Insurance Corporation. ACTION: Notice.
1 See 12 U.S.C. 1424(a), 1430(a).
Robert E. Feldman, SUMMARY: The Federal Housing Finance 2 See 12 U.S.C. 1422(10)(A); 12 CFR 1263.1.
Executive Secretary. Agency (FHFA) has adjusted the cap on 3 See 12 U.S.C. 1422(10); 12 CFR 1263.1 (defining
[FR Doc. 2016–03818 Filed 2–23–16; 8:45 am] average total assets that defines a the term CFI asset cap).
BILLING CODE 6714–01–P ‘‘Community Financial Institution’’ to 4 See 80 FR 6712 (Feb. 6, 2015).

VerDate Sep<11>2014 17:59 Feb 23, 2016 Jkt 238001 PO 00000 Frm 00036 Fmt 4703 Sfmt 4703 E:\FR\FM\24FEN1.SGM 24FEN1

Document Created: 2016-02-23 23:55:34
Document Modified: 2016-02-23 23:55:34

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 9196