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FEDERAL RESERVE BANK OF NEW YORK Circular No. 9 5 9 5 December 13. 1983 [ Purchase of Assets and Assumption of Liabilities of Union Trust Company To All Depository Institutions, and Others Concerned, in the Second Federal Reserve District: W e have been notified th at on D ecem b er 9, 1983, the S ecretary of the T reasury for the C om m onw ealth of P uerto Rico took over the m a n a g em en t and ad m in istration of U nion T ru st Com pany, San Juan, Puerto Rico, and th at the F ed eral D eposit Insurance Corporation has been appointed receiver. T he F ed eral D eposit Insurance Corporation as receiver has entered into an a g reem en t und er w h ich B anco Popular de Puerto Rico w ill purchase certain assets and a ssu m e certa in lia b ilitie s, in clu d in g all of the d ep osit lia b ilities, of U nion T rust C om pany. W e are ad vised th a t Banco Popular is prep ared to receive cash item s p ayable by, at, or th rou gh the form er offices of U nion T ru st C om pany (w hose routing num ber is 0215-0281-7). W e w ill con tin u e to accep t checks draw n on the form er offices of U nion T rust C om pany. If you have any q u estion s reg a rd in g th is m atter, p lease call Donald R. Moore, M anager, Check P rocessin g D ep artm en t (Tel. No. 212-791-5346). A nthony M. S olomon . President.
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