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Special Alerts

SA-29-2004
April 7, 2004


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Entity That May Be Conducting Banking Operations Without Authorization
Summary: The Office of the Comptroller of the Currency has provided notification of an unauthorized financial institution.

The Office of the Comptroller of the Currency (OCC) has advised the Federal Deposit Insurance Corporation (FDIC) that the following entity may be conducting banking business illegally or without authorization:

      Investment Bank of Austria
      Levasseurgasse 5
      1230 Wien/Vienna, Austria
      www.inv-banking.com (This site is no longer active.)
Finanzmarktaufsicht-Financial Market Authority of Austria advised the OCC that Investment Bank of Austria (IBA) is not authorized to conduct banking business in Austria and the entity is not located at the listed address or any other known location in Austria. The contact information listed on IBA's Web site contained a street address in St. Paul, Minnesota, and listed nonworking telephone and facsimile numbers. Please be advised that neither the OCC nor the state of Minnesota has authorized IBA to operate as a bank or federal branch in the United States. Proposed transactions involving this entity should be viewed with extreme caution. Any information or questions that you have about this entity may be brought to the attention of:
      Finanzmarktaufsicht
      Praterstrasse 23
      A-1020 Vienna, Austria
      Fax: (43) 1-24-959-4399
      Internet: www.fma.gv.at
Information about this entity may also be forwarded to the FDIC's Special Activities Section, 550 17th Street, NW, Room F-4040, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov.

For your reference, FDIC Special Alerts may be accessed from the FDIC's Web site at http://www.fdic.gov/news/news/SpecialAlert/2004/index.html. To learn how to automatically receive Special Alerts, Financial Institution Letters and other announcements through e-mail, please visit www.fdic.gov/news/news/announcements/index.html.

Michael J. Zamorski

Director
Division of Supervision and Consumer Protection

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC Special Alerts may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).


Last Updated 4/07/2004 communications@fdic.gov

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