PART 307—CERTIFICATION OF ASSUMPTION OF DEPOSITS AND NOTIFICATION OF CHANGES OF INSURED STATUS Authority: 12 U.S.C. 1818(a)(6); 1818(q); and 1819(a) [Tenth]. Source: 71 FR 8791, Feb. 21, 2006, unless otherwise noted. § 307.1 Scope and purpose. (a) Scope. (b) Purpose. (1) The time and manner for providing certification to the FDIC regarding the assumption of all of the deposit liabilities of an insured depository institution by one or more insured depository institutions; and (2) The notification that an insured depository institution shall provide its depositors when a depository institution's insured status is being voluntarily terminated without its deposits being assumed by one or more insured depository institutions. § 307.2 Certification of assumption of deposit liabilities. (a) When certification is required. (b) Certification requirements. (c) Filing. (d) Evidence of assumption. (e) Issuance of an order. (1) If the charter of the transferring institution has been cancelled, revoked, rescinded, or otherwise terminated by operation of applicable state or federal statutes or regulations, or by action of the chartering authority for the transferring institution essentially contemporaneously, that is, generally within five business days after all deposits have been assumed; or (2) If the transferring institution is an insured depository institution in default and for which the FDIC has been appointed receiver. § 307.3 Notice to depositors when insured status is voluntarily terminated and deposits are not assumed. (a) Notice required. (b) Prior approval of notice. (c) Form of notice. (d) Other requirements possible. Appendix A to Part 307—Transferring Institution Letterhead [Date] [Name and Address of appropriate FDIC Regional Director] SUBJECT: Certification of Total Assumption of Deposits This certification is being provided pursuant to 12 U.S.C. 1818(q) and 12 CFR 307.2. On [ state the date the deposit assumption took effect state the name of the depository institution assuming the deposit liabilities state the name and location of the transferring institution whose deposits were assumed telephone number Sincerely, By: [Name and Title of Authorized Representative] Appendix B to Part 307—Institution Letterhead [Date] [Name and Address of Depositor] SUBJECT: Notice to Depositor of Voluntary Termination of Insured Status The insured status of [ name of insured depository institution state the date name of insured depository institution state the date This Notice is being provided pursuant to 12 CFR 307.3. Please contact [ name of institution official in charge of depositor inquiries name and address of insured depository institution Sincerely, By: [Name and Title of Authorized Representative]