Full text of Federal Reserve Bank of New York Circulars : 10404. Receivership of Edison Federal Savings and Loan Association

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FEDERAL RESERVE BANK
OF NEW YORK

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Circular No. 10404
December 3, 1990

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Receivership of Edison Federal Savings and Loan Association
To All Depository Institutions, and Others Concerned,
in the Second Federal Reserve District:

We have been advised that effective November 30, 1990, the Director of the
Office of Thrift Supervision, Department of the Treasury, determined that a ground
for the appointment of a receiver existed for Edison Federal Savings and Loan As­
sociation, New York, New York (“Old Edison”). The Resolution Trust Corporation
(the “RTC”) was appointed receiver for the purpose of liquidation. Edison Federal
Savings Association, New York, New York (“New Edison”), a newly chartered Fed­
eral savings association, has been organized to take over the assets and liabilities
of Old Edison. The RTC has been appointed the conservator of New Edison.
New Edison has agreed to accept presentment of cash items payable by,
through, or at Old Edison and to accept the return of cash items originally deposited
at Old Edison. New Edison will use the routing number previously used by Old
Edison (2260-7076-2).
E. G erald C orrigan ,

President.