federal_register: 01-31162
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
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| document_number | title | type | abstract | publication_date | pub_year | pub_month | html_url | pdf_url | agency_names | agency_ids | excerpts |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 01-31162 | Payment of Post-insolvency Interest in Receiverships With Surplus Funds | Proposed Rule | The Federal Deposit Insurance Corporation is publishing for notice and comment a proposed rule regarding the payment of post- insolvency interest in insured depository institution receiverships with surplus funds. The purpose of the rule is to establish a single uniform interest rate, calculation method, and payment priority for post-insolvency interest. The proposed rule provides that where funds remain after the satisfaction of the principal amount of all creditor claims, post-insolvency interest will be paid in the order of priority set forth in section 11(d)(11)(A) of the Federal Deposit Insurance Act; paid at the coupon equivalent yield of the average discount rate set on the three-month Treasury bill at the last auction held by the United States Treasury Department during the preceding calendar quarter; adjusted each quarter after the receivership is established; and based on a simple interest method of calculation. | 2001-12-18 | 2001 | 12 | https://www.federalregister.gov/documents/2001/12/18/01-31162/payment-of-post-insolvency-interest-in-receiverships-with-surplus-funds | https://www.govinfo.gov/content/pkg/FR-2001-12-18/pdf/01-31162.pdf | Federal Deposit Insurance Corporation | 164 | The Federal Deposit Insurance Corporation is publishing for notice and comment a proposed rule regarding the payment of post- insolvency interest in insured depository institution receiverships with surplus funds. The purpose of the rule is to... |