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Informational Memorandum
Subject:Assets of Specially Designated Nationals & Blocked Persons
Date of Memorandum:10/13/1998
Expiration Date:
Office:OE
Signed By:Smith, Roland
FCA Contact Person:Holland, Tom
Contact Phone:703-883-4484
List of Attachments:Department of Treasury's OFAC Listing

INFORMATIONAL MEMORANDUM


October 13, 1998


To: The Chief Executive Officer
All Farm Credit System Institutions

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

Subject: Assets of Specially Designated Nationals and Blocked Persons


The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has amended its list of Specially Designated Nationals and Blocked Persons. A copy of the updated listing is attached. If your institution has accounts or does business with any individual or entity on the attached list, you must block the accounts immediately and cease any business involvement with them.

If you have questions about the listing, you should call OFAC at 1-800-540-6322 or 202-622-2490. Additionally, information concerning OFAC rules, lists of prohibited entities, and general information concerning OFAC may be found on the Internet at:

www.treas.gov/ofac

The Farm Credit Administration is providing this information as a courtesy to keep you informed of developments that may impact your institution. These mailings should be considered a complement to your due diligence processes 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.

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