Federal Register / Vol. 76, No. 158 / Tuesday, August 16, 2011 / Notices 50733 

application may also be purchased from 

the Commission’s duplicating 

contractor, Best Copy and Printing, Inc., 

445 12th Street, SW., Room CY–B402, 

Washington, DC, 20554, telephone 1– 

800–378–3160 or http:// 

www.BCPIWEB.com. 

Federal Communications Commission. 

James D. Bradshaw, 

Deputy Chief, Audio Division, Media Bureau. 

[FR Doc. 2011–20828 Filed 8–15–11; 8:45 am] 

BILLING CODE 6712–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Determination of Insufficient Assets To 

Satisfy Claims Against Financial 

Institution in Receivership 

AGENCY: Federal Deposit Insurance 

Corporation (FDIC). 

ACTION: Notice. 

SUMMARY: The FDIC has determined that 

insufficient assets exist in the 

receivership of R–G Premier Bank of 

Puerto Rico, Hato Rey, Puerto Rico, to 

make any distribution to general 

unsecured claims, and therefore such 

claims will recover nothing and have no 

value. 

DATES: The FDIC made its determination 

on August 2, 2011. 

FOR FURTHER INFORMATION CONTACT: If 

you have questions regarding this 

notice, you may contact an FDIC Claims 

Agent at (904) 256–3925. Written 

correspondence may also be mailed to 

FDIC as Receiver of R–G Premier Bank 

of Puerto Rico, Attention: Claims Agent, 

7777 Baymeadows Way West, 

Jacksonville, Florida 32256. 

SUPPLEMENTARY INFORMATION: On April 

30, 2010, R–G Premier Bank of Puerto 

Rico, Hato Rey, Puerto Rico, (FIN 

#10230) was closed by the Office of the 

Commissioner of Financial Institutions 

of the Commonwealth of Puerto Rico 

(‘‘OCFI’’), and the Federal Deposit 

Insurance Corporation (‘‘FDIC’’) was 

appointed as its receiver (‘‘Receiver’’). 

In complying with its statutory duty to 

resolve the institution in the method 

that is least costly to the deposit 

insurance fund, see 12 U.S.C. 1823(c)(4), 

the FDIC facilitated a transaction with 

Scotiabank de Puerto Rico, San Juan, 

Puerto Rico, to acquire the deposits and 

most of the assets of the failed 

institution. 

Section 11(d)(11)(A) of the FDI Act, 

12 U.S.C. 1821(d)(11)(A), sets forth the 

order of priority for distribution of 

amounts realized from the liquidation or 

other resolution of an insured 

depository institution to pay claims. 

Under the statutory order of priority, 

administrative expenses and deposit 

liabilities must be paid in full before 

any distribution may be made to general 

unsecured creditors or any lower 

priority claims. 

As of May 31, 2011, the value of 

assets available for distribution by the 

Receiver, together with maximum 

possible recoveries on claims against 

directors, officers, and other 

professionals, and claims in bankruptcy 

was $3,321,421,322. As of the same 

date, administrative expenses and 

depositor liabilities equaled 

$4,671,704,953, exceeding available 

assets and potential recoveries by 

$1,350,283,631. Accordingly, the FDIC 

has determined that insufficient assets 

exist to make any distribution on 

general unsecured creditor claims (and 

any lower priority claims) and therefore 

all such claims, asserted or unasserted, 

will recover nothing and have no value. 

Dated: August 11, 2011. 

Robert E. Feldman, 

Executive Secretary. 

[FR Doc. 2011–20765 Filed 8–15–11; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Determination of Insufficient Assets To 

Satisfy Claims Against Financial 

Institution in Receivership 

AGENCY: Federal Deposit Insurance 

Corporation (FDIC). 

ACTION: Notice. 

SUMMARY: The FDIC has determined that 

insufficient assets exist in the 

receivership of Eurobank, San Juan, 

Puerto Rico, to make any distribution on 

general unsecured claims, and therefore 

such claims will recover nothing and 

have no value. 

DATES: The FDIC made its determination 

on August 2, 2011. 

FOR FURTHER INFORMATION CONTACT: If 

you have questions regarding this 

notice, you may contact an FDIC Claims 

Agent at (904) 256–3925. Written 

correspondence may also be mailed to 

FDIC as Receiver of Eurobank, 

Attention: Claims Agent, 7777 

Baymeadows Way West, Jacksonville, 

Florida 32256. 

SUPPLEMENTARY INFORMATION: On April 

30, 2010, Eurobank, San Juan, Puerto 

Rico, (FIN #10229) was closed by the 

Office of the Commissioner of Financial 

Institutions of the Commonwealth of 

Puerto Rico (‘‘OCFI’’), and the Federal 

Deposit Insurance Corporation (‘‘FDIC’’) 

was appointed as its receiver 

(‘‘Receiver’’). In complying with its 

statutory duty to resolve the institution 

in the method that is least costly to the 

deposit insurance fund, see 12 U.S.C. 

1823(c)(4), the FDIC facilitated a 

transaction with Oriental Bank and 

Trust, San Juan, Puerto Rico, to acquire 

the deposits and most of the assets of 

the failed institution. 

Section 11(d)(11)(A) of the FDI Act, 

12 U.S.C. 1821(d)(11)(A), sets forth the 

order of priority for distribution of 

amounts realized from the liquidation or 

other resolution of an insured 

depository institution to pay claims. 

Under the statutory order of priority, 

administrative expenses and deposit 

liabilities must be paid in full before 

any distribution may be made to general 

unsecured creditors or any lower 

priority claims. 

As of May 31, 2011, the value of 

assets available for distribution by the 

Receiver, together with anticipated 

recoveries on claims against directors, 

officers, and other professionals was 

$742,676,348. As of the same date, 

administrative expenses and depositor 

liabilities equaled $1,466,183,675, 

exceeding available assets and potential 

recoveries by $723,507,327. 

Accordingly, the FDIC has determined 

that insufficient assets exist to make any 

distribution on general unsecured 

creditor claims (and any lower priority 

claims) and therefore all such claims, 

asserted or unasserted, will recover 

nothing and have no value. 

Dated: August 11, 2011. 

Robert E. Feldman, 

Executive Secretary. 

[FR Doc. 2011–20766 Filed 8–15–11; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Determination of Insufficient Assets To 

Satisfy Claims Against Financial 

Institution in Receivership 

AGENCY: Federal Deposit Insurance 

Corporation (FDIC). 

ACTION: Notice. 

SUMMARY: The FDIC has determined that 

insufficient assets exist in the 

receivership of Westernbank Puerto 

Rico, Mayaguez, Puerto Rico, to make 

any distribution to general unsecured 

claims, and therefore such claims will 

recover nothing and have no value. 

DATES: The FDIC made its determination 

on August 2, 2011. 

FOR FURTHER INFORMATION CONTACT: If 

you have questions regarding this 

notice, you may contact an FDIC Claims 


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