|Date of Memorandum:||01/05/1998|
|Expiration Date:|| |
|Signed By:||Smith, Roland|
|FCA Contact Person:||Miller, Charlotte|
|List of Attachments:||Announcement of Executive Order 13067|
January 5, 1998
To: Douglas D. Sims, Chief Executive Officer
Dennis A. Johnson, President
and Chief Executive Officer
St. Paul Bank for Cooperatives
From: Roland E. Smith, Director /s/
Office of Examination
Subject: Trade Embargo Against Sudan and Total Asset Freeze Against the Government of Sudan
The Department of Treasury's Office of Foreign Assets Control (OFAC) has announced the issuance of Executive Order 13067 which imposes a trade embargo against Sudan and a total asset freeze against the Government of Sudan. Attached is a copy OFAC's announcement of that Executive Order. If your institution does any business with the companies or financial institutions listed in OFAC's announcement, you must block the accounts immediately and cease any business involvement with them.
If you have any questions regarding information contained in this memorandum, please contact Charlotte Miller in the Office of Examination at (703)883-4272.