Federal Reserve Board
New York State Banking Department
Federal and state banking regulators today announced
amendments to their November 1995 orders terminating the U.S.
banking activities of the Daiwa Bank, Limited, Japan, and the Daiwa
Bank Trust Company, New York.
The orders amending the termination orders were issued by the
Federal Reserve Board, the Federal Deposit Insurance Corporation,
the New York State Banking Department, and state supervisory
authorities in California, Illinois, Massachusetts, Florida, and
The amendments generally concern the continued maintenance and
availability of the books and records of Daiwa after it terminates
its banking operations in the United States.
Copies of the agencies' orders amending the November 1995
termination orders are available from the FDIC's Office of
Corporate Communications, Room 7088, 550 17th St. NW, Washington,
DC 20429, phone (202) 898-7437.
Congress created the Federal Deposit Insurance Corporation in 1933
to maintain public confidence in the nation's banking system. The
FDIC insures deposits at the nation's 12,000 banks and savings
associations and it promotes the safety and soundness of these
institutions by identifying, monitoring and addressing risks to
which they are exposed.