XXXX = WMIH

AZCowboy, sounds great! Thanks you very much! When you say, “it won’t be long,” are you thinking a couple of months? A few months? A year? I know that is a hard question since you don’t control the process but any thoughts would be appreciated.

Thanks again,
Nd9

4/16/2024 - Notice to All Interested Parties of Intent To Terminate Receiverships

A Notice by the Federal Deposit Insurance Corporation on 04/16/2024

Notice is hereby given that the Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for the institutions listed below, intends to terminate its receivership for said institutions.

Notice of Intent To Terminate Receiverships
Fund Receivership name City State Date of appointment of receiver

10334 Firstier Bank Louisville CO 01/28/2011
10463 Nova Bank Berwyn PA 10/26/2012

The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors. Based upon the foregoing, the Receiver has determined that the continued existence of the receiverships will serve no useful purpose. Consequently, notice is given that the receiverships shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person wishes to comment concerning the termination of any of the receiverships, such comment must be made in writing, identify the receivership to which the comment pertains, and be sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Section, 600 North Pearl, Suite 700, Dallas, TX 75201. No comments concerning the termination of the above-mentioned receiverships will be considered which are not sent within this timeframe.

(Authority: 12 U.S.C. 1819)

Federal Deposit Insurance Corporation.

Dated at Washington, DC, on April 11, 2024.

James P. Sheesley,

Assistant Executive Secretary.

[FR Doc. 2024-08035 Filed 4-15-24; 8:45 am]

BILLING CODE 6714-01-P

https://www.federalregister.gov/documents/2024/04/16/2024-08035/notice-to-all-interested-parties-of-intent-to-terminate-receiverships

4/16/2024 - Notice to All Interested Parties of Intent To Terminate Receiverships

A Notice by the Federal Deposit Insurance Corporation on 04/16/2024

Notice is hereby given that the Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for the institutions listed below, intends to terminate its receivership for said institutions.

Notice of Intent To Terminate Receiverships
Fund Receivership name City State Date of appointment of receiver

10334 Firstier Bank Louisville CO 01/28/2011
10463 Nova Bank Berwyn PA 10/26/2012

The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors. Based upon the foregoing, the Receiver has determined that the continued existence of the receiverships will serve no useful purpose. Consequently, notice is given that the receiverships shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person wishes to comment concerning the termination of any of the receiverships, such comment must be made in writing, identify the receivership to which the comment pertains, and be sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Section, 600 North Pearl, Suite 700, Dallas, TX 75201. No comments concerning the termination of the above-mentioned receiverships will be considered which are not sent within this timeframe.

(Authority: 12 U.S.C. 1819)

Federal Deposit Insurance Corporation.

Dated at Washington, DC, on April 11, 2024.

James P. Sheesley,

Assistant Executive Secretary.

[FR Doc. 2024-08035 Filed 4-15-24; 8:45 am]

BILLING CODE 6714-01-P

https://www.federalregister.gov/documents/2024/04/16/2024-08035/notice-to-all-interested-parties-of-intent-to-terminate-receiverships

4/2/2024 Notice of Termination of Receiverships

A Notice by the Federal Deposit Insurance Corporation on 04/08/2024

Federal Deposit Insurance Corporation

Document Statistics
Document page views are updated periodically throughout the day and are cumulative counts for this document. Counts are subject to sampling, reprocessing and revision (up or down) throughout the day.

as of 04/06/2024 at 10:15 pm EDT

Published Document
This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

The Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for each of the following insured depository institutions, was charged with the duty of winding up the affairs of the former institutions and liquidating all related assets. The Receiver has fulfilled its obligations and made all dividend distributions required by law.

Notice of Termination of Receiverships
Fund Receivership name City State Termination date
10029 Bank of Clark County Vancouver WA 04/01/2024
10048 Omni National Bank Atlanta GA 04/01/2024
10538 Almena State Bank Almena KS 04/01/2024

The Receiver has further irrevocably authorized and appointed FDIC-Corporate as its attorney-in-fact to execute and file any and all documents that may be required to be executed by the Receiver which FDIC-Corporate, in its sole discretion, deems necessary, including but not limited to releases, discharges, satisfactions, endorsements, assignments, and deeds. Effective on the termination dates listed above, the Receiverships have been terminated, the Receiver has been discharged, and the Receiverships have ceased to exist as legal entities.

(Authority: 12 U.S.C. 1819)

Federal Deposit Insurance Corporation.

Dated at Washington, DC, on April 3, 2024.

James P. Sheesley,

Assistant Executive Secretary.

[FR Doc. 2024-07371 Filed 4-5-24; 8:45 am]

BILLING CODE 6714-01-P

https://www.federalregister.gov/documents/2024/04/08/2024-07371/notice-of-termination-of-receiverships

4/2/2024 Notice of Termination of Receiverships

A Notice by the Federal Deposit Insurance Corporation on 04/08/2024

Federal Deposit Insurance Corporation

Document Statistics
Document page views are updated periodically throughout the day and are cumulative counts for this document. Counts are subject to sampling, reprocessing and revision (up or down) throughout the day.

as of 04/06/2024 at 10:15 pm EDT

Published Document
This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

The Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for each of the following insured depository institutions, was charged with the duty of winding up the affairs of the former institutions and liquidating all related assets. The Receiver has fulfilled its obligations and made all dividend distributions required by law.

Notice of Termination of Receiverships
Fund Receivership name City State Termination date
10029 Bank of Clark County Vancouver WA 04/01/2024
10048 Omni National Bank Atlanta GA 04/01/2024
10538 Almena State Bank Almena KS 04/01/2024

The Receiver has further irrevocably authorized and appointed FDIC-Corporate as its attorney-in-fact to execute and file any and all documents that may be required to be executed by the Receiver which FDIC-Corporate, in its sole discretion, deems necessary, including but not limited to releases, discharges, satisfactions, endorsements, assignments, and deeds. Effective on the termination dates listed above, the Receiverships have been terminated, the Receiver has been discharged, and the Receiverships have ceased to exist as legal entities.

(Authority: 12 U.S.C. 1819)

Federal Deposit Insurance Corporation.

Dated at Washington, DC, on April 3, 2024.

James P. Sheesley,

Assistant Executive Secretary.

[FR Doc. 2024-07371 Filed 4-5-24; 8:45 am]

BILLING CODE 6714-01-P

https://www.federalregister.gov/documents/2024/04/08/2024-07371/notice-of-termination-of-receiverships

Ron_66271, thanks… sounds like they might be negotiating a settlement and were asking her for more time.. but she said no.. did I get that right?

Nd9

AZCowboy, I remember KKR Wand and KKR Fund owning Series A and B preferred stock... I am not sure if this is related to your post but just in case, I am providing it anyway.... See below..

ND9
************************

WHEREAS, KKR Wand owns 200,000 shares of 5.00% Series B convertible preferred stock (the “Series B Preferred Shares”) of the Company and consented to the Amendment (as defined in the Original Agreement) to the 2018 Amended Charter (as defined in the Original Agreement);

WHEREAS, KKR Fund owns 1,000,000 shares of Series A convertible preferred stock of the Company (the “Series A Preferred Shares”), and warrants to purchase 30,700,000 shares of common stock, par value $0.00001, of the Company (“Common Stock”) at an exercise price of $1.32 per share (the “Tranche A Warrants”) and 30,700,000 shares of Common Stock at an exercise price of $1.43 per share (the “Tranche B Warrants” and together with the Tranche A Warrants, the “Warrants’) and consented to the Amendment (as defined in the Original Agreement) to the 2018 Amended Charter (as defined in the Original Agreement);

https://contracts.justia.com/companies/mr-cooper-group-inc-7825/contract/319734/

Swiss banking giant UBS to launch share buyback of up to $2 billion
PUBLISHED TUE, APR 2, 2024
Matt Clinch

KEY POINTS
“Our ambition is for share repurchases to exceed our pre-acquisition level by 2026,” it said.
The new program comes after the completion of the 2022 buyback, which saw 298.5 million of it shares purchased.

https://www.cnbc.com/2024/04/02/swiss-banking-giant-ubs-to-launch-share-buyback-of-up-to-2-billion.html

AZCowboy, thank you very much, for your continued support. ND9

Yeah, if we can find them, and then whoever has them, hasn’t stolen them, and then distributes to us.. too bad judge didn’t help us out and force them to identify assets.. realizing they weren’t part of bankruptcy.. but maybe she could have appointed another auditor to acct for them or something…. Just anything would have helped…

When oil crashed a few years ago, Kosmos Energy had a cash shortage and basically gave up the vast majority of their planned future exploration blocks. That included giving up their STP EEZ blocks, Namibia, Suriname, South Africa, etc, etc, and including EEZ Block #6 (JACA), where they had done most of the well design work for GALP.... Yet, Kosmos kept STP EEZ Block #5, and they fought ERHC and Total over Block 4... Why? Go back a few years, and look at the old Kosmos Energy presentations... They are currently producing oil, offshore, Equitorial Guinea.. They identified more prospects to the west, in Equitorial Guinea waters. They also identified prospects in STP EEZ Block 5... and some of their old charts, even show prospects in STP EEZ Block 4 (although on map, they didn't name the block, just showed prospects)... So Kosmos believes the oil basin is from Equitorial Guinea, west through STP EEZ Block 5, and further west to STP EEZ Block 4... If they really thought Block 6 was full of oil, they wouldn't have sold it to Shell.

JMHO
ND9

You’re the funny one…. nobody has been able to prove they exist for last 15+ years.. it is all speculation.. so don’t ask me to look it up when there is no list of mineral assets.. if there is one, please provide it.. but you can’t …..

Nd9

If wmih had all those mineral rights, I would have thought that in 2008, they would have leveraged off them to raise money.. they didn’t which makes me wonder if they really exist..

Nd9

Me too

A few banks from 2009...

Just think how long it took to close these small banks:

10125 Warren Bank Warren MI 10/02/2009
10162 Citizens State Bank New Baltimore MI 12/18/2009
10164 Rockbridge Commercial Bank Atlanta GA 12/18/2009
10166 Independent Bankers' Bank Springfield IL 12/18/2009

A few banks from 2009...

Just think how long it took to close these small banks:

10125 Warren Bank Warren MI 10/02/2009
10162 Citizens State Bank New Baltimore MI 12/18/2009
10164 Rockbridge Commercial Bank Atlanta GA 12/18/2009
10166 Independent Bankers' Bank Springfield IL 12/18/2009

2/28/2024 - Notice to All Interested Parties of Intent To Terminate Receiverships

A Notice by the Federal Deposit Insurance Corporation on 02/28/2024

Notice is hereby given that the Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for the institutions listed below, intends to terminate its receivership for said institutions.

Notice of Intent To Terminate

Receiverships Fund Receivership name City State Date of appointment of receiver
10125 Warren Bank Warren MI 10/02/2009
10162 Citizens State Bank New Baltimore MI 12/18/2009
10164 Rockbridge Commercial Bank Atlanta GA 12/18/2009
10166 Independent Bankers' Bank Springfield IL 12/18/2009
10171 Barnes Banking Company Kaysville UT 01/15/2010
10193 Centennial Bank Ogden UT 03/05/2010
10221 Lincoln Park Savings Bank Chicago IL 04/23/2010
10265 Crescent Bank and Trust Company Jasper GA 07/23/2010
10273 Liberty Bank Eugene OR 07/30/2010
10275 The Cowlitz Bank Longview WA 07/30/2010
10276 Ravenswood Bank Chicago IL 08/06/2010
10297 Premier Bank Jefferson City MO 10/15/2010
10308 K Bank Randallstown MD 11/05/2010
10315 First Banking Center Burlington WI 11/19/2010
10324 The Bank of Miami, N.A Coral Gables FL 12/17/2010
10486 Community South Bank Parsons TN 08/23/2013
10524 Seaway Bank and Trust Chicago IL 01/27/2017

The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors. Based upon the foregoing, the Receiver has determined that the continued existence of the receiverships will serve no useful purpose. Consequently, notice is given that the receiverships shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person wishes to comment concerning the termination of any of the receiverships, such comment must be made in writing, identify the receivership to which the comment pertains, and be sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Section, 600 North Pearl, Suite 700, Dallas, TX 75201. No comments concerning the termination of the above-mentioned receiverships will be considered which are not sent within this timeframe.

(Authority: 12 U.S.C. 1819)

Federal Deposit Insurance Corporation.

Dated at Washington, DC, on February 22, 2024.

James P. Sheesley,

Assistant Executive Secretary.

[FR Doc. 2024–04071 Filed 2–27–24; 8:45 am]

BILLING CODE 6714–01–P

https://www.federalregister.gov/documents/2024/02/28/2024-04071/notice-to-all-interested-parties-of-intent-to-terminate-receiverships

2/28/2024 - Notice to All Interested Parties of Intent To Terminate Receiverships

A Notice by the Federal Deposit Insurance Corporation on 02/28/2024

Notice is hereby given that the Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for the institutions listed below, intends to terminate its receivership for said institutions.

Notice of Intent To Terminate

Receiverships Fund Receivership name City State Date of appointment of receiver
10125 Warren Bank Warren MI 10/02/2009
10162 Citizens State Bank New Baltimore MI 12/18/2009
10164 Rockbridge Commercial Bank Atlanta GA 12/18/2009
10166 Independent Bankers' Bank Springfield IL 12/18/2009
10171 Barnes Banking Company Kaysville UT 01/15/2010
10193 Centennial Bank Ogden UT 03/05/2010
10221 Lincoln Park Savings Bank Chicago IL 04/23/2010
10265 Crescent Bank and Trust Company Jasper GA 07/23/2010
10273 Liberty Bank Eugene OR 07/30/2010
10275 The Cowlitz Bank Longview WA 07/30/2010
10276 Ravenswood Bank Chicago IL 08/06/2010
10297 Premier Bank Jefferson City MO 10/15/2010
10308 K Bank Randallstown MD 11/05/2010
10315 First Banking Center Burlington WI 11/19/2010
10324 The Bank of Miami, N.A Coral Gables FL 12/17/2010
10486 Community South Bank Parsons TN 08/23/2013
10524 Seaway Bank and Trust Chicago IL 01/27/2017

The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors. Based upon the foregoing, the Receiver has determined that the continued existence of the receiverships will serve no useful purpose. Consequently, notice is given that the receiverships shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person wishes to comment concerning the termination of any of the receiverships, such comment must be made in writing, identify the receivership to which the comment pertains, and be sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Section, 600 North Pearl, Suite 700, Dallas, TX 75201. No comments concerning the termination of the above-mentioned receiverships will be considered which are not sent within this timeframe.

(Authority: 12 U.S.C. 1819)

Federal Deposit Insurance Corporation.

Dated at Washington, DC, on February 22, 2024.

James P. Sheesley,

Assistant Executive Secretary.

[FR Doc. 2024–04071 Filed 2–27–24; 8:45 am]

BILLING CODE 6714–01–P

https://www.federalregister.gov/documents/2024/02/28/2024-04071/notice-to-all-interested-parties-of-intent-to-terminate-receiverships

kingpin, as we have discussed before, Kosmos Energy is pumping oil in Equatorial Guinea (see below)... You can draw a horizontal line, East to West, from their EG fields, through Kosmos Energy's Block 5 (which they have 59%) and onward into ERHC's Block 4... Kosmos believes the operational EG fields continue westward :>)

ND9

Equatorial Guinea
Production in Equatorial Guinea averaged approximately 24,800 bopd gross and 8,700 bopd net in the fourth quarter
https://www.kosmosenergy.com/uncategorized/kosmos-energy-announces-fourth-quarter-and-full-year-2023-results-2/

AZCowboy, hello and great hearing from you. Thanks for those additional tidbits. We’re all patiently waiting, praying that 2024 is finally our year! Take good care and keep on cruising down the highway…. I hope one of these days I can retire and join you

Nd9

I don't think Washington Mutual has anything to do with AJ Hurt/Western Marketing Inc/RelaDyne

JMHO
ND9

Founded in 1953, Western Marketing, Inc. (WMI) supplies bulk and packaged lubricants to customers utilizing internal combustion engines primarily for transportation, agriculture, and energy pumping and gathering systems.

https://reladyne.com/westmktg/#:~:text=Founded%20in%201953%2C%20Western%20Marketing,energy%20pumping%20and%20gathering%20systems.

Hurt and Western Marketing are part of the RelayDyne Corporation

RelaDyne Companies
Our RelaDyne family of companies has been formed throughout the years by the desire to offer our products and solutions to more customers in more geographies. By partnering with small, well-known, often family-owned companies, RelaDyne is able to utilize the expertise built by the legacy leadership of the company and build upon it with the capabilities that a company the size of RelaDyne can provide. What results is an equally dependent relationship in which RelaDyne and the company become intertwined and the strengths of each are leveraged to maintain and increase the customers of the company with new offerings and solutions.

Scroll down website and you'll see AJ Hurt and Western Marketing

https://reladyne.com/acquisitions/

Sale of Western Marketing, Inc.

Represented WMI Holdings, Inc., the parent of Western Marketing, Inc., a supplier of bulk and packaged lubricants, in the sale of 100 percent of its equity interests to A.J. Hurt, Jr., Inc. a subsidiary of RelaDyne, Inc.

HAYNES BOONE
https://www.haynesboone.com/representative-matters/sale-of-western-marketing-inc

WMI Holdings = parent of Western Marketing Inc

… and Jamie dimon has started to sell shares.. interesting because if you believe jpm will finally pay us for wamu, then jpm stock will probably go down.. so if he is selling now, could we be on verge of finally getting paid?

Also, as I have stated before, look at Miami’s energy.. they drilled and discovered 100 trillion cubic feet of natural gas, off Mauritania/senegal.. 4th largest find in history.. look at their stock price over last several yrs.. they only have about 400m shares and their stock has only reached about $8/share…. It costs a tremendous amount of money to produce oil and gas…. Especially in deep water… kosmos had to give BP 30-40%, because it takes billions to design and build infrastructure…. erhc is probably no different but kosmos actually found something huge, and Erhc hasn’t found anything…. So again, $8 is a dream..supermajors will just wait erhc out..

$8 is crazy talk.. I have been an Erhc shareholder since ~ 2005.. nobody is going to pay $8/share for -2 billion shares.. that is $16 Billion dollars, for what? Some non commercial JDZ wells drilled? Or a well drilled nearby in eez block 6 (Jaca)…. No way.

I think Erhc might be able to sell their remaining jdz and eez rights for maybe 10-20 cents a share.. and after all this time, I would gladly take that..

Nd9

If you are preparing for a financial crisis, or war, or something major, you might want to also buy a ranch or farm and grow your own food.. or stock a pond with fish..

Yeah, I used to think the same thing but then I started going to fdic website.. there have been receiverships for tiny banks, with no assets, that you’ve never heard of, that weren’t terminated until 10+ years.. so if it took the fdic 10+ yrs to close tiny banks, how long to close wmi? 15, 20, 25 yrs? I wondered about this for 15 yrs….

2/7/2024 Notice of Termination of Receiverships

********************
Notice of Termination of Receiverships

A Notice by the Federal Deposit Insurance Corporation on 02/07/2024

Document Details Information about this document as published in the Federal Register.

Printed version:

PDF

Publication Date:

02/07/2024

Agency:

Federal Deposit Insurance Corporation

Document Type:

Notice

Document Citation:

89 FR 8427

Page:

8427-8428

(2 pages)

Document Number:

2024-02456

Document Details

Published DocumentThis document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

Published Document

Published DocumentThis document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

The Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for each of the following insured depository institutions, was charged with the duty of winding up the affairs of the former institutions and liquidating all related assets. The Receiver has fulfilled its obligations and made all dividend distributions required by law.

Notice of Termination of Receiverships
Fund Receivership name City State Termination date
10013 Silver State Bank Henderson NV 02/01/2024
10032 Ocala National Bank Ocala FL 02/01/2024
10095 Integrity Bank Jupiter FL 02/01/2024
10374 First Chicago Bank & Trust Chicago IL 02/01/2024
10387 Bank of Whitman Colfax WA 02/01/2024
10431 Premier Bank Wilmette IL 02/01/2024
10465 Heritage Bank of Florida Lutz FL 02/01/2024
10478 Banks of Wisconsin Kenosha WI 02/01/2024
10481 Sunrise Bank Valdosta GA 02/01/2024

The Receiver has further irrevocably authorized and appointed FDIC-Corporate as its attorney-in-fact to execute and file any and all documents that may be required to be executed by the Receiver which FDIC-Corporate, in its sole discretion, deems necessary, including but not limited to releases, discharges, satisfactions, endorsements, assignments, and deeds. Effective on the termination dates listed above, the Receiverships have been terminated, the Receiver has been discharged, and the Receiverships have ceased to exist as legal entities.

(Authority: 12 U.S.C. 1819)

Federal Deposit Insurance Corporation.

Dated at Washington, DC, on February 2, 2024.

James P. Sheesley,

Assistant Executive Secretary.

[FR Doc. 2024–02456 Filed 2–6–24; 8:45 am]

BILLING CODE 6714–01–P

https://www.federalregister.gov/documents/2024/02/07/2024-02456/notice-of-termination-of-receiverships

2/7/2024 Notice of Termination of Receiverships

********************
Notice of Termination of Receiverships

A Notice by the Federal Deposit Insurance Corporation on 02/07/2024

Document Details Information about this document as published in the Federal Register.

Printed version:

PDF

Publication Date:

02/07/2024

Agency:

Federal Deposit Insurance Corporation

Document Type:

Notice

Document Citation:

89 FR 8427

Page:

8427-8428

(2 pages)

Document Number:

2024-02456

Document Details

Published DocumentThis document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

Published Document

Published DocumentThis document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

The Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for each of the following insured depository institutions, was charged with the duty of winding up the affairs of the former institutions and liquidating all related assets. The Receiver has fulfilled its obligations and made all dividend distributions required by law.

Notice of Termination of Receiverships
Fund Receivership name City State Termination date
10013 Silver State Bank Henderson NV 02/01/2024
10032 Ocala National Bank Ocala FL 02/01/2024
10095 Integrity Bank Jupiter FL 02/01/2024
10374 First Chicago Bank & Trust Chicago IL 02/01/2024
10387 Bank of Whitman Colfax WA 02/01/2024
10431 Premier Bank Wilmette IL 02/01/2024
10465 Heritage Bank of Florida Lutz FL 02/01/2024
10478 Banks of Wisconsin Kenosha WI 02/01/2024
10481 Sunrise Bank Valdosta GA 02/01/2024

The Receiver has further irrevocably authorized and appointed FDIC-Corporate as its attorney-in-fact to execute and file any and all documents that may be required to be executed by the Receiver which FDIC-Corporate, in its sole discretion, deems necessary, including but not limited to releases, discharges, satisfactions, endorsements, assignments, and deeds. Effective on the termination dates listed above, the Receiverships have been terminated, the Receiver has been discharged, and the Receiverships have ceased to exist as legal entities.

(Authority: 12 U.S.C. 1819)

Federal Deposit Insurance Corporation.

Dated at Washington, DC, on February 2, 2024.

James P. Sheesley,

Assistant Executive Secretary.

[FR Doc. 2024–02456 Filed 2–6–24; 8:45 am]

BILLING CODE 6714–01–P

https://www.federalregister.gov/documents/2024/02/07/2024-02456/notice-of-termination-of-receiverships

Kingpindg, eight what?

Nd9

From Googling, here is the source:

Document Information
"We propose to decapitalize WMBfsb by returning $20 billion of capital to its parent. The $20 billion will include the master note of approximately $7 billion, proceeds from $3.5 billion of Discount Notes and cash generated through additional wholesale deposits and advances from FHLB Seattle. We propose the payment of at least $10 billion by September 30, 2008 and the remaining $10 billion through December 2009." "The net balance sheet of WMBfsb will be approximately $34 billion to $36 billion after Project Fillmore. The leverage ratio will decrease to 25% from 62%. A well-capitalized institution requires an 8% or higher leverage ratio."

Original Title:Washington Mutual (WMI) - Project Fillmore (Decapitalization of WMB fsb)
Copyright:Attribution Non-Commercial (BY-NC)
Available FormatsDownload as PDF, TXT or read online from Scribd

https://www.scribd.com/document/66282873/Washington-Mutual-WMI-Project-Fillmore-Decapitalization-of-WMB-fsb



Washington Mutual (WMI) - Objection To The Seventh ...

Actually, the biggest indicator is the naysayers, who are monitoring this message board 24 hrs a day, 365 days a yr, yr after yr.. why would any sane person do that unless they had an agenda..

Federal Reserve Payments to Banks Trigger Largest Ever Operating Loss

JOHN CARNEY15 Jan 2024159
3:07
The Federal Reserve quietly lost a fortune in 2023 as interest it pays out to banks swamped the interest it earns on its bond portfolio, data released by the central bank Friday showed.

The Fed said it lost roughly $114.3 billion in 2023, its largest-ever annual loss.
The losses occurred because the money the Fed pays banks for reserves held at the central bank exceeded the interest earned on the mortgage and Treasury bonds it holds. The Fed has been raising the interest rate paid on reserves alongside the hikes on the benchmark federal funds rate to stem the worst inflation in forty years.

The losses would be even greater if the Fed included the decline in market value of its bond holdings. But because those are held to maturity, they are not recorded as operating losses.
By law, the Fed is required to pay any profits to the Treasury Department. When it loses money, this increases the budget deficit of the federal government because the Treasury does not receive that revenue.

Because of the way the Fed accounts for the losses, the Treasury Department may be deprived of revenue from the Fed even when the central bank stops losing money. When the Fed suffers an operating loss, it creates a deferred asset in the amount of the loss. When the Fed turns a profit in the future—which will likely not happen until interest rates fall—it will first paydown the deferred assets—essentially, pay itself back for its losses—before it restarts payments to the Treasury.

The Fed turned $76 billion over to the Treasury in the first 9 months of 2022. Losses began to mount in September, totaling $16.6 billion for the year in 2022.

Never before in its history have operating losses stopped the Fed from making payments to the Treasury for a significant period of time.

So far, the Fed has wracked up around $133 billion of deferred assets that will need to be repaid before payments to the Treasury restart.

When the Fed began accumulating a huge portfolio of bonds—primarily U.S. Treasuries and mortgage-backed securities guaranteed by government agencies, including Fannie Mae and Freddie Mac—during the financial crisis, some officials worried about possible political backlash if the Fed suffered losses due to rapid rate hikes in the future. Those bond purchases, which eventually became what is known as quantitative easing or QE, continued for years after the financial crisis and were supercharged when the pandemic struck, taking the Fed’s balance sheet from around $4 trillion to $9 trillion.

Prior to the financial crisis, the Fed held only about $800,000 billion, or $0.8 trillion, in its securities portfolio.

The Fed is expected to continue to suffer losses as long as its benchmark interest rate target, now a range of 5.25 to 5.50 percent, remains above 3.5 percent.

https://www.breitbart.com/economy/2024/01/15/federal-reserve-payments-to-banks-trigger-largest-ever-operating-loss/

Federal Reserve Payments to Banks Trigger Largest Ever Operating Loss
JOHN CARNEY15 Jan 2024159
3:07
The Federal Reserve quietly lost a fortune in 2023 as interest it pays out to banks swamped the interest it earns on its bond portfolio, data released by the central bank Friday showed.

The Fed said it lost roughly $114.3 billion in 2023, its largest-ever annual loss.
The losses occurred because the money the Fed pays banks for reserves held at the central bank exceeded the interest earned on the mortgage and Treasury bonds it holds. The Fed has been raising the interest rate paid on reserves alongside the hikes on the benchmark federal funds rate to stem the worst inflation in forty years.

The losses would be even greater if the Fed included the decline in market value of its bond holdings. But because those are held to maturity, they are not recorded as operating losses.

By law, the Fed is required to pay any profits to the Treasury Department. When it loses money, this increases the budget deficit of the federal government because the Treasury does not receive that revenue.

Because of the way the Fed accounts for the losses, the Treasury Department may be deprived of revenue from the Fed even when the central bank stops losing money. When the Fed suffers an operating loss, it creates a deferred asset in the amount of the loss. When the Fed turns a profit in the future—which will likely not happen until interest rates fall—it will first paydown the deferred assets—essentially, pay itself back for its losses—before it restarts payments to the Treasury.

The Fed turned $76 billion over to the Treasury in the first 9 months of 2022. Losses began to mount in September, totaling $16.6 billion for the year in 2022.

Never before in its history have operating losses stopped the Fed from making payments to the Treasury for a significant period of time.

So far, the Fed has wracked up around $133 billion of deferred assets that will need to be repaid before payments to the Treasury restart.

When the Fed began accumulating a huge portfolio of bonds—primarily U.S. Treasuries and mortgage-backed securities guaranteed by government agencies, including Fannie Mae and Freddie Mac—during the financial crisis, some officials worried about possible political backlash if the Fed suffered losses due to rapid rate hikes in the future. Those bond purchases, which eventually became what is known as quantitative easing or QE, continued for years after the financial crisis and were supercharged when the pandemic struck, taking the Fed’s balance sheet from around $4 trillion to $9 trillion.

Prior to the financial crisis, the Fed held only about $800,000 billion, or $0.8 trillion, in its securities portfolio.

The Fed is expected to continue to suffer losses as long as its benchmark interest rate target, now a range of 5.25 to 5.50 percent, remains above 3.5 percent.

https://www.breitbart.com/economy/2024/01/15/federal-reserve-payments-to-banks-trigger-largest-ever-operating-loss/

Krombacher, two things:

1.) Thanks for your reply and thoughts about the ANP-STP directives, asking for bids on Block 4.

2.) As for Oranto, you mentioned xrimlinger.com took down their advertising of Oranto's Block #3. I did find it elsewhere.. I don't know the accuracy of this site, but they have lot's of listed acreage in Africa, where companies are looking for partners. Is you search for Sao Tome, it will list Oranto Block #3. It also has another listing for ANP-STP, looking for bids on EEZ Block #4. In second link below, it lists ANP-STP Block 4, but notice link is for JDZ... so again, not sure of accuracy of this website. However, I wanted to mention it...

https://www.farmoutangel.com/assets/sao-tome-principe-block-3/
https://www.farmoutangel.com/assets/stp-nigeria-jdz-blocks-2-3-and-4/

ND9

Probably my fault. I translated Portuguese to English incorrectly..

Nd9