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Informational Memorandum
Subject:Unauthorized Banking & Entities etc.
Date of Memorandum:11/16/1998
Expiration Date:
Signed By:Smith, Roland
FCA Contact Person:Holland, Tom
Contact Phone:703-883-4484
List of Attachments:OCC Alerts 98-31


November 16, 1998

To: The Chief Executive Officer
All Farm Credit System Institutions

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

Subject: Memorandum Advising of Unauthorized Banking and Entities That May Be Conducting Banking Operations Without Authorization

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 98-31, 98-33 through 98-35 identify entities that may be operating unauthorized banking businesses. OCC Alert 98-32 identifies unauthorized guarantee instruments and a promissory note that may be in circulation. These documents 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 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