, Ill., which had about $214 million in assets and $202 million in deposits as of May 26.

All of Bank of Lincolnwood's deposits will be assumed by Republic Bank of Chicago, based in Oak Brook, Ill., which also agreed to buy about $162 million of the bank's assets; the FDIC will retain the rest for eventual sale. Bank of Lincolnwood's two offices will reopen on Saturday as branches of Republic Bank of Chicago.

The FDIC estimates that the cost to the deposit insurance fund from the failure of Bank of Lincolnwood will be $83 million.

In a step that would substantially increase the price tag for Bernard L. Madoff's long-running Ponzi scheme, lawyers for a group of his victims are asking a federal bankruptcy judge to reject the way their losses in the fraud are being calculated.

The customers insist that, by law, they should be given credit for the full value of the securities shown on the last account statements they received before Madoff's arrest in mid-December, even though the statements were bogus and none of the trades were ever made. According to court filings, those account balances add up to more than $64 billion.

After months of private negotiations and Internet arguments, lawyers for these customers formally put the issue before the federal bankruptcy court in New York in a lawsuit filed late Friday evening, less than a month before the deadline for filing claims for compensation.

The approach they seek would produce a significantly higher tally of cash losses than the formula being used by the court-appointed trustee overseeing the claims process for the Securities Investor Protection Corp., a government-chartered agency financed by the brokerage industry.

The trustee, Irving H. Picard, is calculating investor losses as the difference between the total amount a customer paid into the scheme and the total amount withdrawn before it collapsed.

Customers who qualify are eligible for up to $500,000 in immediate compensation from SIPC. Those whose eligible losses exceed that amount would divide up the assets recovered by the trustee.

Credit card holders who might have used tax refunds to pay down balances apparently spent the money elsewhere as the recession deepened in the first quarter.

That's one conclusion that may be drawn from data showing the delinquency rate for bank-issued credit cards rose 11 percent in the first three months of the year, according to credit reporting agency TransUnion.

The delinquency rate - card holders who are three months past due
, Ill., which had about $ 214 million in assets and $ 202 million in deposits as of May 26. 

 All of Bank of Lincolnwood's deposition will be assume by Republic Bank of Chicago, based in Oak Brook, Ill., which besides agreed to bribe about $ 162 million of the bank's asset; the FDIC will retain the rest for eventual sale. Bank of Lincolnwood's two offices will reopen on Saturday as branches of Republic Bank of Chicago. 

 The FDIC estimate that the cost to the deposit indemnity fund from the failure of Bank of Lincolnwood will be $ 83 million. 

 In a footprint that would well increase the price tag for Bernard L. Madoff's long - function Ponzi schema, lawyer for a group of his victims are asking a federal bankruptcy evaluator to reject the way their losses in the fraud are being calculated. 

 The customer insist that, by police, they should be given credit for the full value of the security shown on the last account statements they received before Madoff's apprehension in mid - December, even though the statement were bogus and none of the trades were ever made. According to court filings, those account balances add up to more than $ 64 billion. 

 After calendar month of private negotiations and Internet argumentation, lawyers for these customers formally put the issue before the union bankruptcy court in New York in a lawsuit file late Friday evening, less than a month before the deadline for file claims for compensation. 

 The approach they seek would grow a significantly higher tally of cash losses than the rule being used by the motor hotel - appoint trustee overseeing the claims process for the Securities Investor Protection Corp., a politics - chartered agency financed by the brokerage industry. 

 The trustee, Irving H. Picard, is calculating investor losses as the difference between the full amount a customer pay into the scheme and the entire amount withdraw before it collapsed. 

 customer who qualify are eligible for up to $ 500,000 in immediate recompense from SIPC. Those whose eligible losses exceed that amount would divide up the assets recover by the trustee. 

 citation card holders who might have used tax refunds to pay down balance apparently spent the money elsewhere as the receding deepened in the first stern. 

 That's one conclusion that may be drawn from data show the delinquency rate for bank - issued credit cards rose 11 percentage in the first three months of the class, accord to credit reporting agency TransUnion. 

 The delinquency rate - card holder who are three months past due
, Ilp., which had about $214 milliun in assets anb $202 millmon in seposits as of May 26.

All of Bank of Liicolbwood'w deposits will be assjmed by Rvpublic Bqnk id Chicago, uzsed in Oak Bdlok, Nlo., which also anreed to buf about $162 millimn oy the bank's assets; the FDIC will retwin the rfst for eventuwl ssje. Bznk of Lincolnwood's two offices wiml reoptn on Saturday as nranches of Republic Bank lf Cjicago.

The FDIC estlmates that the xost to the aeposit insurance fund from the failure of Bank of Livcolncood will bg $83 mlnlion.

In a svep thwt would substantialny incrrase the price taj foe Bernard L. Madoff's lmng-running Ponzi ssheme, lawfexs for a group of his vuctimv ara asyung a reverzl bannru'tcy judge fo reject tye way their losses ig the fraud ars beind salculated.

The customers insist that, by naw, they should be given ceedit for the full vapue of thq securities shown on the last account statements they fectiycd bddoge Madoff's arrest in mid-December, even though ege snatements were bonus and none of thr hrsqes were ever made. Cdckrding to court fipings, trose qccount bwlanves add up to more than $64 biolion.

After mjbths of private neyotiations aud Intgrnet srguments, lawyers for tkese chstomers fogmally puf the issue beford tme xederal bankruptcy court ig New Yorj in a lawsjit giled jate Fridaj evekhng, less than a mojth bgfore dhe deadlije for filing claims for compensation.

The apprpawh nhey seek woulc produce a sygnificantly hngher tajly ow cash losaes thai the formulw being used ti the court-ap'ointed twustwe ocerseeive the claims ptocess fog uhe Securiries Investor Protcctiov Corp., a governmzut-xhartered agencu fknagcvd uy thq brokerage itdusgry.

Gne trjstee, Irvinn H. Picsrd, is calculating itvesfor losses as the cinference vetween ehe total amoint a customer paif intm tie schrme and the total amount withdrawh before lt gollapsed.

Custjmerw who qualifv are eligible for up to $500,000 in immediate cimpensation from SUPC. Those whose eliyinle losses eeceed ehat amoutt would divide up tye assets recovertd by the trustee.

Credit card voldegs who might have used tax refunds to pay down balances apparently spent rhe moier elsewhere as yhe rvcefxion dqepeiev in the first qusrter.

That's one conclusion that oay be dsacn from data showing the delimqjency rate fot bank-issued credit cards dose 11 petcent in the first three months of the year, according tp credit repodting agenry TransUnion.

The delonqueney ratw - card holfers who are ghrre months pwst vue
, Ill., which had about $214 million and million in as of May Lincolnwood's will be assumed Republic Bank of based in Oak Brook, Ill., which agreed to buy about $162 million of the bank's assets; the FDIC will the rest for eventual sale. Bank of Lincolnwood's two offices will reopen on as of Bank Chicago. The FDIC estimates that the cost to the deposit insurance fund from the failure of of Lincolnwood will be $83 million. In a that would substantially increase price tag for Bernard L. long-running scheme, lawyers a of victims are asking federal bankruptcy judge to reject the way their losses in the fraud are being calculated. The customers that, by should be credit the value of the on the last account statements they arrest in mid-December, even though the statements were and none the trades were ever made. According court filings, those account balances add up to than $64 billion. After months of private negotiations and Internet arguments, lawyers for these customers the issue before the bankruptcy court in York a filed Friday evening, than a month before the deadline for filing claims for compensation. approach they seek would produce a significantly higher tally of than formula being used the court-appointed trustee overseeing claims for the Securities Investor a agency brokerage The Irving H. Picard, is investor losses as the difference the total amount a and the total amount withdrawn before it collapsed. who qualify are eligible for up to in immediate compensation from SIPC. Those whose eligible losses exceed that amount divide up recovered by the trustee. Credit card holders who have used tax refunds pay down balances apparently spent the money elsewhere as recession in the quarter. That's one that may be from data showing rate for credit rose the first three months of the according credit reporting agency TransUnion. The rate holders who are three months past due
, Ill., which had about $214 million in Assets and $202 mIllioN in DepOsIts aS of MAy 26.

All of Bank of LINcolNwood's deposits will be asSumed By rEpubLIc bank oF ChicagO, BaSED in oaK BRooK, ILL., wHich aLso Agreed tO buy about $162 mIllIoN of the bank's aSSeTs; the FDIC wIll Retain the resT foR eventUaL saLE. Bank Of LIncolNwood's TWo offiCes will reOpEN on SatURday as bRANcHes oF Republic Bank of ChICaGO.

The FDIC estimaTes thaT tHE cOST to The Deposit insUrAnce fUNd from tHE fAILUre OF Bank of LincolNwood will be $83 MIllIon.

In a StEp tHAt woulD subsTaNTiaLly increase The pRice tag foR BernaRD L. MadofF'S long-ruNning POnzI scHeme, LAwYeRs fOr A GroUP oF hiS VicTims are aSkInG a fedEral BANKRuptCy jUdge To rejEct the way theiR loSses IN thE frauD are bEing CaLculaTed.

The CustoMeRs insist that, by lAw, thEy should bE giVeN crEdIt for THe full ValUe oF the secUrities SHowN oN THE lAst account statemenTs THEy Received Before mAdOfF'S arrest iN mId-DEcemBER, even ThouGH tHe statemEnts weRE bOgUs and noNe Of the tRaDes WerE ever MAde. ACcordiNg to courT filiNGs, those account BAlances add up tO MoRE ThAN $64 bilLioN.

After monthS of pRIvatE negOTiAtiONs and interNeT ArGUments, lawyers for theSe CustomErs foRmally put the iSsue before THE Federal bAnkrUPtCY court in New YorK in a lAwsuit fileD Late FridAy eveNing, less Than a montH BEfore the DeaDliNe fOr fILInG claims for comPENsatIoN.

The appRoaCh they sEek WouLd pRodUcE a signifiCantly hiGhEr TaLlY of Cash lOSses than ThE foRmUla Being USed by tHe couRt-apPoInTEd tRustee oVErSEEing ThE cLaimS prOcEss foR the sEcuRities INvestor PrOteCTion coRp., A governMent-chartered AgEncy financEd By tHe brokERAge indusTry.

The trustee, Irving H. PicARd, is calCulAting InveStor losseS as The difFerENce betWeen thE totaL aMouNT A custOMEr PaiD iNto the scheME And The toTaL amoUnt withDrawn before it collaPSed.

customers who qUalIfy aRE ElIgiBLe FOr uP tO $500,000 In iMMEdiate compensatIon from SIPc. THOsE whose eligIBle LoSses excEed that AmounT Would diVide up the Assets recOvEred BY The Trustee.

CreDit card hOlders who MIght hAVe Used tAx rEfunds To Pay Down bAlanceS AppArentLy spenT tHe moneY elseWhEre as the Recession deepened in the fIrst quArter.

thaT's one concLusIOn tHat may be dRawn From data shOwiNg tHe delInqUEncy rAte fOR bAnk-ISsued CredIT cards rosE 11 PeRceNT In The first thrEE MOntHs of tHe yEAr, accoRdinG to credit reportinG Agency TransUniOn.

ThE DEliNquENcy rAtE - card holders whO arE tHREe months PaSt due
, Ill., which had about $2 14 million  in a sse tsan d $2 02 m illion in depo s itsas of May 26.

All ofBankof Linc o ln wood' s depos i ts w ill  b eass um e dby Re pub lic Ban k of Chica go,  b ased in OakB ro ok, Ill.,whi ch also agre edto buy  a bou t  $162  mi llion  of th e  bank' s assets;  t h e FDIC will re t a in  the  rest for eventua l  s a le. Bank of Li ncolnw oo d 's t wooff ices willre openo n Satur d ay a s  br a nches of Repu blic Bank o f  Ch icago. 
The FDIC e stima te s  th at the cost  tothe depos it ins u rance f u nd from  the f ail ure  ofB an kofLi n col n wo odw ill  be $83mi ll ion.
Ina s t ep t hat  wou ld su bstantially i ncr ease the  pric e tag  for  B ernar d L. M adoff 's  long-running P onzi  scheme,law ye rsfo r a g r oup of  hi s v ictimsare ask i ngaf e d er al bankruptcy judg et o  r eject th e wayt he ir losses i nthe  fra u d  arebein g  c alculate d.

Th e  c us tomersin sist t ha t,bylaw,t heyshould  be give n cre d it for the ful l  value of the se c u ri t iessho wn on the l asta ccou nt s t at eme n ts th ey re ce i ve d  before Madoff's ar re st inmid-D ecember, even  though th e s tatement s we r eb ogus and noneof th e trades w e re evermade.  Accordi ng to cou r t  filings , t hos e a cco u n tbalances addu p  tomo re than  $6 4 billi on. 

A fte r m on ths of pr ivate ne go ti at io nsand I n ternet a rg ume nt s,lawye r s forthese  cus to me r s f ormally pu t theis su e be for ethe f eder a l b ankrupt cy courtinN ew Y or kin a la wsuit filed l at e Friday e ve nin g, les s than a m onth before the deadlin e  for fi lin g cla imsfor compe nsa tion.
Th e  appro ach th ey se ek  wo u l d pro d u ce  asi gnificantl y hig her t al ly o f cashlosses than the fo r mul a being usedbythec o ur t-a p po i nte dt rus t e e overseeing th e claims p ro c es s for theS ecu ri ties In vestorProte c tion Co rp., a go vernment- ch arte r e d a gency fina nced bythe broke r age i n du stry. 

T he tru st ee,  Irvi ng H.P ica rd, i s calc ul atinginves to r losses  as the difference betw een th e tot alamount acus t ome r paid in to t he schemeand  th e tot ala mount  wit h dr awn befor e it collapsed . 
Cus t o me rs who qual i f y  ar e eli gib l e forup t o $500,000 in imm e diate compensa tion f rom  SI P C. T ho se whose eligi ble  l o s ses exce ed  that amoun t woulddi v ide u p theassets  recove r e db y thetrus tee .

Credit  ca rd holders  w ho mighthave  u sed ta x refu n ds t o pay down balance s app a r ently spe nt th emoney e l sewh ere as the  recessiondeepen ed i n the  firstqu arter. 

T ha t's one co n clusion t hat m ay be d ra wn f rom  datashow i n g the  del in que ncy ratef o rb an k- i ssu ed c redit  c ards  rose 11p ercent i n t h e first  t hre e months of t he year, a cco rding t o credit r e port i ng agenc y Tran sUnion .

Thed eli nq uency r ate -  card hol ders whoa reth reemonths p as t du e
, Ill.,_which had_about $214 million in_assets and_$202_million in_deposits_as of May_26.

All of Bank_of Lincolnwood's deposits will_be assumed by_Republic_Bank of Chicago, based in Oak Brook, Ill., which also agreed to buy about_$162_million of_the_bank's_assets; the FDIC will retain_the rest for eventual sale._Bank of_Lincolnwood's two offices will reopen on Saturday as_branches_of Republic Bank_of Chicago.

The FDIC estimates that the cost to the_deposit insurance fund from the failure_of Bank of_Lincolnwood_will_be $83 million.

In a_step that would substantially increase the_price tag for Bernard L. Madoff's_long-running Ponzi scheme, lawyers for a group_of his victims are asking a_federal bankruptcy judge to reject_the way_their losses in the fraud_are being calculated.

The_customers insist_that, by law,_they should be given credit for_the full value_of the securities shown on the_last_account statements they_received_before_Madoff's arrest_in mid-December, even_though_the statements_were_bogus and none of the trades_were_ever made. According to court filings, those_account balances add up_to_more than $64 billion.

After_months of private negotiations and_Internet arguments, lawyers for these customers_formally put_the issue_before the federal bankruptcy court in New York in a lawsuit_filed late Friday evening, less than_a month before the_deadline for_filing_claims for compensation.

The_approach_they seek_would produce a significantly higher tally of_cash losses_than the formula being used by_the court-appointed trustee overseeing_the_claims process for the Securities Investor_Protection Corp., a government-chartered agency financed_by the brokerage industry.

The trustee,_Irving_H._Picard, is calculating investor losses_as the difference between the total_amount a customer_paid into the scheme and the total_amount_withdrawn before it collapsed.

Customers who qualify_are_eligible for up to $500,000 in_immediate_compensation_from SIPC. Those whose eligible_losses exceed that amount would divide_up the assets recovered by the trustee.

Credit card holders_who might have_used tax refunds to pay_down_balances_apparently spent the money elsewhere as the recession deepened in_the first_quarter.

That's one conclusion_that may be drawn from data showing the delinquency rate_for bank-issued credit cards rose 11 percent_in the first three months of the year, according to credit_reporting agency TransUnion.

The delinquency rate - card holders_who are three months past due