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Informational Memorandum
Subject:Unauthorized Banking Entities
Date of Memorandum:11/10/1997
Expiration Date:
Signed By:Olona, Orlando for R.Smith
FCA Contact Person:Holland, Tom
Contact Phone:703-883-4484
List of Attachments:OCC Alerts 97-25
& 97-27


November 10, 1997

To: The Chief Executive Officer
All Farm Credit System Institutions

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

Subject: Memorandum Advising of Unauthorized Banking Entities

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

OCC Alerts 97-25, 97-26, and 97-27 identify entities that may be operating banking businesses without authorization or soliciting deposits on the Internet. The OCC Alerts include contact telephone numbers and addresses should you have any information regarding the unauthorized banking entities.

This memorandum complements similar OCC Alerts and other information previously distributed by FCA to Farm Credit System institutions and should be retained for reference. If you have any questions regarding this document or similar previous documents, please call Leslie Fridley in the Office of Examination at (703) 883-4168.