Full text of Federal Reserve Bank of New York Circulars : 10464. Closing of Charter Federal Savings Association

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FEDERAL RESERVE BANK
OF NEW YORK

[

Circular No. 10464 1
June 25, 1991

Closing of Charter Federal Savings Association
To All Depository Institutions, and Others Concerned,
in the Second Federal Reserve District:

We have been advised that on June 21, 1991, the Director of the Office of
Thrift Supervision, Department of the Treasury, declared Charter Federal Savings
Association, Stamford, Connecticut (“Charter”) insolvent and ordered it closed.
The Resolution Trust Corporation (the “RTC”) was appointed receiver. Upon its ap­
pointment, the RTC took possession of all of the assets of Charter. The RTC entered
into a purchase and assumption agreement with Greenwich Federal Savings and
Loan Association, Greenwich, Connecticut (“Greenwich”) whereby Greenwich ac­
quired certain assets and accepted the transfer of certain liabilities of Charter.
Greenwich has agreed to accept presentment of cash items payable by, through,
or at Charter and to accept the return of cash items originally deposited at Charter.
Greenwich will use the routing number previously used by Charter (2211-7254-2).

E. G erald C o r rig an ,
President.