Page 10 - November 2017

https://www.gpo.gov/fdsys/pkg/FR-2017-11- Bank, Chicago, Illinois (Receivership Estate).
08/pdf/2017-24284.pdf. Federal Register, Vol. 82, The Receiver has made all dividend distributions
No. 215, 11/08/2017, 51832-51833. required by law. The Receiver has further
irrevocably authorized and appointed FDIC-
• FDIC announced it has been authorized to take Corporate as its attorney-in-fact to execute and
all actions necessary to terminate the file any and all documents that may be required
receivership estate of Oglethorpe Bank, to be executed by the Receiver which FDIC-
Brunswick, Georgia (Receivership Estate). The Corporate, in its sole discretion, deems
Receiver has made all dividend distributions necessary; including but not limited to releases,
required by law. The Receiver has further discharges, satisfactions, endorsements,
irrevocably authorized and appointed FDIC- assignments and deeds. Effective 11/01/2017,
Corporate as its attorney-in-fact to execute and the Receivership Estate has been terminated, the
file any and all documents that may be required Receiver discharged, and the Receivership Estate
to be executed by the Receiver which FDIC- has ceased to exist as a legal entity. The notice
Corporate, in its sole discretion, deems may be viewed at:
necessary; including but not limited to releases, https://www.gpo.gov/fdsys/pkg/FR-2017-11-
discharges, satisfactions, endorsements, 09/pdf/2017-24428.pdf. Federal Register, Vol.
assignments and deeds. Effective 11/01/2017, 82, No. 216, 11/09/2017, 52044.
the Receivership Estate has been terminated, the
Receiver discharged, and the Receivership Estate OCC Proposes Changes to Annual Stress
has ceased to exist as a legal entity. The notice Test.
may be viewed at:
https://www.gpo.gov/fdsys/pkg/FR-2017-11- The Office of the Comptroller of the Currency (OCC)
08/pdf/2017-24282.pdf. Federal Register, Vol. proposed revisions to its stress testing rule. The
82, No. 215, 11/08/2017, 51832. proposed rule would change the range of possible
“as-of” dates used in the global market shock
component to conform to changes recently made by
• FDIC announced it has been authorized to take FRB to its stress testing regulations. The proposed
all actions necessary to terminate the rule would also change the transition process for
receivership estate of Patriot Bank Minnesota, covered institutions with $50 billion or more in
Forest Lake, Minnesota (Receivership Estate). assets. Comments are due 12/26/2017. The notice
The Receiver has made all dividend distributions may be viewed at:
required by law. The Receiver has further https://www.gpo.gov/fdsys/pkg/FR-2017-10-
irrevocably authorized and appointed FDIC- 27/pdf/2017-23353.pdf. Federal Register, Vol. 82,
Corporate as its attorney-in-fact to execute and No. 207, 10/27/2017, 49764-49767.
file any and all documents that may be required
to be executed by the Receiver which FDIC- OCC Rescinds Supervisory Guidance.
Corporate, in its sole discretion, deems
necessary; including but not limited to releases, OCC is rescinding its supervisory guidance entitled
discharges, satisfactions, endorsements, “Guidance on Supervisory Concerns and
assignments and deeds. Effective 11/01/2017, Expectations Regarding Deposit Advance Products”
the Receivership Estate has been terminated, the and OCC Bulletin 2013–40 (collectively, Guidance),
which address OCC’s expectations regarding the
Receiver discharged, and the Receivership Estate offering of deposit advance products by national
has ceased to exist as a legal entity. The notice banks and federal savings associations (collectively,
may be viewed at: banks). OCC is rescinding the Guidance in light of
https://www.gpo.gov/fdsys/pkg/FR-2017-11- the adoption of a final rule on payday, vehicle title,
08/pdf/2017-24286.pdf. Federal Register, Vol. and certain high-cost installment loans by CFPB,
82, No. 215, 11/08/2017, 51833. which overlaps with the Guidance, resulting in
potentially inconsistent regulatory guidance for
• FDIC announced it has been authorized to take banks. The Guidance is rescinded effective
all actions necessary to terminate the 10/05/2017. The notice may be viewed at:
receivership estate of Highland Community

7