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FEDERAL RESERVE BANK OF NEW YORK [ Circular No. 10388 October 2, 1990 ”1 CLOSING OF EM PIRE FEDERAL SAVINGS BANK OF AMERICA CLOSING OF METROPOLITAN FEDERAL SAVINGS AND LOAN ASSOCIATION To All Depository Institutions, and Others Concerned, in the Second Federal Reserve District: Empire Federal Savings Bank of America We have been advised that on Septem ber 28, 1990 the D irector of the Office o f T hrift Supervision, D epartm ent of the Treasury, declared Em pire Federal Savings Bank of A m erica, Buffalo, New York (routing num ber 2220-7042-3) (“Em pire”) insolvent and ordered it closed. The Resolution Trust Corporation (the “RTC”) was ap pointed receiver and, effective at the close of business on Septem ber 28, 1990, transferred certain assets and li abilities o f Em pire to KeyCorp, Albany, New York; Banc One Corporation, Colum bus, Ohio; Barnett Banks, Inc., M iam i, Florida; and C om erica, Inc., Detroit, Michigan. KeyCorp subsequently transferred certain o f the assets and liabilities to First Em pire State Corporation. Key Bank of W estern New York, N. A. (“Key Bank”) has acquired certain of the assets and liabilities and has agreed with the RTC to continue the operations of Em pire by operating, as an account of Key Bank, the form er account of Em pire on the books of the Federal R eserve Bank of New York, and by accepting all items sent to or payable by, through, or at Em pire (including wire transfers of funds, checks, and ACH items) and forwarding them to the appropriate institution. Questions about this m atter may be directed to Peter Luce, Assistant Vice President at our Buffalo Branch (Tel. No. 716-849-5013). Metropolitan Federal Savings and Loan Association We have also been advised that on September 28, 1990 the Director of the Office of T hrift Supervision declared M etropolitan Federal Savings and Loan Association, Denville, New Jersey (routing num ber 2212-7062-2) (“M et ropolitan”) insolvent and ordered it closed. The RTC was appointed receiver and entered into an agreem ent with Collective Federal Savings Bank, Egg Harbor, New Jersey (“Collective”) under which Collective acquired certain assets and accepted the transfer of certain liabilities of M etropolitan. Collective has agreed to accept presentm ent of cash items payable by, through, or at M etropolitan and to accept the return o f cash items originally deposited at M etropolitan. E. G erald C orrigan , President.
@FedFRASER