FEDERAL DEPOSIT INSURANCE CORP.

v.

FIRST EMPIRE BANK-NEW YORK ET AL.

Citator

Cited By (20 total)

• Gilchrist B. Stockton, Jr. v. First Union Nat'l Bank OF Fla., 700 So. 2d 394 (Fla. 1st DCA 1997)
  …andby letter of credit is whether or not the letter of credit guarantees the beneficiary payment upon default by the account party. This difference is summarized in First Empire Bank-New York v. FDIC, 572 F. 2d 1361, 1366-67 (9th Cir.), cert denied, 439 U.S. 919, 99 S.Ct. 293, 58 L.Ed.2d 265 (1978): The principal difference between the traditional letter of credit and ... standby letters is that whereas in the classical setting, the letter of credit contemplates payment upon performance, the standby letter…
• Am. Nat'l Bank OF Jacksonville v. Fed. Deposit Ins. Corp., 710 F.2d 1528 (11th Cir. 1983)
  …ry to the evidence. It is well settled that the rights and liabilities of a bank and the bank’s debtors and creditors are fixed at the declaration of the bank’s insolvency. First Empire Bank v. FDIC, 572 F. 2d 1361, 1367-68 (9th Cir.), cert. denied 439 U.S. 919, 99 S.Ct. 293, 58 L.Ed.2d 265 (1978); FDIC v. Grella, 553 F. 2d 258, 262 (2d Cir.1977); Kennedy v. Boston-Continental National Bank, 84 F. 2d 592, 597 (1st Cir.1936), cert. denied 300 U.S. 684, 57 S.Ct. 667, 81 L.Ed. 887 (1937). SFC’s attempt to rel…
• Morrison-Knudsen Co., Inc. v. CHG Int'l, Inc., 811 F.2d 1209 (9th Cir. 1987)
  …no court has ever found, that these powers vest the liquidating agency rather than the district courts with the ultimate power to adjudicate creditors’ claims. See, e.g., First Empire Bank— New York v. FDIC, 572 F. 2d 1361 (9th Cir.), cert. denied, 439 U.S. 919, 99 S.Ct. 293, 58 L.Ed.2d 265 (1978). 3. Section 1729(b)(1)(B) FSLIC contends that its regulations should be interpreted to embrace adjudicatory power because a congressional purpose to that effect can be divined. For example, it points to 12 U.S.…