Full text of Federal Reserve Bank of New York Circulars : 10583. Closing of Howard Savings Bank

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FEDERAL RESERVE BANK
OF NEW YORK

[

Circular No. 10583
October 6, 1992

"1

Closing of Howard Savings Bank

To All Depository Institutions, and Others
Concerned, in the Second Federal Reserve District:

We have been advised that on October 2, 1992, the Commissioner of Banking
and Finance of the State of New Jersey issued its order providing for the closing
of the Howard Savings Bank, Livingston, New Jersey (“Howard”) (routing number
2212-7246-8). The Federal Deposit Insurance Corporation was appointed receiver
and, effective the close of business October 2, 1992, transferred certain assets and
liabilities of Howard (including the shares of Howard Federal Savings, FA., Berlin,
New Jersey) to First Fidelity Bank, N.A., New Jersey (“First Fidelity”). First
Fidelity has agreed to continue receiving certain payments transactions of Howard,
including checks and automated clearinghouse transactions bearing the routing
number of Howard.
E. G e r a l d C o r r ig a n ,
President.