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FEDERAL RESERVE BANK
OF NEW YORK
Circular No. 10600
December 9,1992
Closing of Carteret Savings Bank, FA.
To All Depository Institutions, and Others Concerned,
in the Second Federal Reserve District:
W e h a v e b e e n a d v is e d t h a t e f f e c tiv e D e c e m b e r 4 , 1 9 9 2 t h e D i r e c t o r o f t h e
O f f ic e o f T h r i f t S u p e r v is io n , D e p a r t m e n t o f t h e T r e a s u r y , d e t e r m i n e d t o a p p o i n t t h e
R e s o l u t i o n T r u s t C o r p o r a t i o n (" R T C " ) t h e r e c e i v e r o f C a r t e r e t S a v in g s B a n k , F .A .
M o r r i s t o w n , N e w J e r s e y (" O ld T h r i f t " ) a n d t o a p p r o v e t h e R T C ’s r e q u e s t f o r t h e
i s s u a n c e o f a n e w F e d e r a l m u t u a l s a v in g s a s s o c ia ti o n c h a r t e r t o C a r t e r e t F e d e r a l
S a v in g s B a n k , M o r r i s t o w n , N e w J e r s e y (" N e w T h r i f t " ).
T h e R T C e n te r e d in to a
p u r c h a s e a n d a s s u m p t i o n a g r e e m e n t p u r s u a n t t o w h ic h i t t r a n s f e r r e d c e r t a i n a s s e t s
a n d l i a b i li t i e s o f O ld T h r i f t t o N e w T h r i f t .
N e w T h r i f t w ill o p e r a t e u n d e r t h e
c o n s e rv a to rs h ip o f th e R T C .
N e w T h r i f t h a s a g r e e d t o c o n t i n u e r e c e iv in g c e r t a i n p a y m e n t s t r a n s a c t i o n s
o f O ld T h r i f t , i n c lu d in g c h e c k s a n d a u t o m a t e d c l e a r i n g h o u s e t r a n s a c t i o n s b e a r i n g t h e
r o u t i n g n u m b e r o f O ld T h r i f t .
N e w T h r i f t w ill u s e t h e r o u t i n g n u m b e r p r e v io u s ly
u s e d b y O ld T h r i f t ( 2 2 1 2 - 7 2 0 5 - 7 ) .
E . G erald Corrigan ,
President.
@FedFRASER