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FEDERAL RESERVE BANK
OF NEW YORK

[

Circular No. 10528 "1
April 1, 1992

Closing of State Savings, FSB
and Westerleigh Federal Savings and Loan Association
To All Depository Institutions, and Others
Concerned, in the Second Federal Reserve District:

State Savings, FSB
On M arch 27, 1992, the Director of the Office of T hrift Supervision, D epartm ent of the
Treasury (“O TS”), issued an order providing for the closing of State Savings, FSB (successor to State
Savings, F A .), Jackson Heights, New York (collectively “State”) (routing num ber 2260-7051-3).
The Resolution Trust Corporation (“RTC”) was appointed receiver and, effective the close of
business M arch 27, 1992, transferred certain assets and liabilities o f State to Home Federal Savings
Bank, Queens, New York (“Home”), Independence Savings Bank, and M iddletown Savings Bank.
Home has agreed with the other acquirers to continue receiving certain payments transactions of
State, including checks and automated clearinghouse transactions bearing the routing num ber of
State.

Westerleigh Federal Savings and Loan Association
On M arch 27, 1992, the D irector of OTS issued an order providing for the closing of
W esterleigh Savings and Loan Association (successor to W esterleigh Savings and Loan), Staten
Island, New York (collectively “W esterleigh”) (routing num ber 2260-7262-1). The RTC was
appointed receiver and, effective the close of business March 27, 1992, transferred certain assets
and liabilities of Westerleigh to Richmond County Savings Bank, Staten Island, New York,
(“R ichm ond”), Hamilton Federal Savings Bank, and Independence Savings Bank. Richmond has
agreed with the other acquirers to continue receiving certain payments transactions of W esterleigh,
including checks and automated clearinghouse transactions bearing the routing num ber of
W esterleigh.




E.

G

erald

C

o r r ig a n

,

President.