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Informational Memorandum
Subject:Unauthorized Banking and Suspicious Transactions
Date of Memorandum:09/28/1998
Expiration Date:
Office:OE
Signed By:Smith, Roland
FCA Contact Person:Holland, Tom
Contact Phone:703-883-4484
List of Attachments:OCC Alerts 98-22 through 98-30
INFORMATIONAL MEMORANDUM



September 28, 1998


To: The Chief Executive Officer
All Farm Credit System Institutions

From: Roland E. Smith, Director Roland E. Smith
Office of Examination

Subject: Memorandum Advising of Unauthorized Banking and Suspicious Transactions


The Farm Credit Administration (FCA) is distributing copies of recent OCC Alerts issued by the Office of the Comptroller of the Currency (OCC). These documents contain information that may prevent your institution from suffering a financial loss.

OCC Alerts 98-22 through 98-30 identify entities that may be operating an unauthorized banking business in the United States or that may be involved in suspicious transactions. The OCC Alerts include contact numbers and/or addresses should you have any information regarding these entities or transactions. This memorandum complements similar OCC Alerts and other information previously distributed by FCA to Farm Credit System institutions and should be retained for reference.

FCA is providing this information as a courtesy to keep you informed of developments that may impact your institution. However, these mailings should not be seen as a replacement for, but as a complement to, due diligence in monitoring issues that may affect your institution. If you have any questions regarding this document or similar previous documents, please call Thomas J. Holland, Director, Special Examination and Supervision Division, Office of Examination, at (703) 883-4483, or on the Internet at e-mail address hollandt@fca.gov.

Attachments