{{1-31-92 p.C-1692}}
[¶10,387] In the Matter of Transamerica Savings & Loan Association, FSLA, San Luis Obispo, California, Docket No. FDIC-91-351q (11-26-91).
FDIC terminates insured status of institution whose deposits have been assumed by another institution.
In the Matter of
TRANSAMERICA SAVINGS & LOAN
ASSOCIATION, FSLA
SAN LUIS OBISPO, CALIFORNIA
(Insured Savings and Loan Association)
ORDER OF APPROVAL OF
TERMINATION OF INSURANCE
Pursuant to section 8(q) of the Federal Deposit Insurance Act (the "Act"), 12 U.S.C. § 1818(q), and section 18(i)(3) of the Act, 12 U.S.C. § 1828(i)(3), the Federal Deposit Insurance Corporation ("FDIC"), having found that Transamerica Savings & Loan Association, FSLA, San Luis Obispo, California, has provided to the FDIC on September 30, 1991, satisfactory evidence that its liabilities for deposits have been assumed by Home Savings of America, FA, Los Angeles, California, on September 20, 1991, and that Home Savings of America, FA has notified Transamerica Savings & Loan Association, FSLA depositors of its assumption of their deposits, hereby issues the following ORDER:
ORDER
IT IS HEREBY ORDERED, that the status of Transamerica Savings & Loan Association, FSLA as an insured savings and loan association, has been, and hereby is, terminated at the expiration of September 30, 1991.
IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by Home Savings of America, FA from Transamerica Savings & Loan Association, FSLA shall terminate at the expiration of March 30, 1992, or in the case of any time deposit, the earliest maturity date after March 30, 1992, as provided in section 8(q) of the Act, 12 U.S.C. § 1818(q).
Pursuant to delegated authority.
Dated at Washington, D.C., this 26th day of November, 1991.
