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Special Alerts

April 22, 2005

TO: CHIEF EXECUTIVE OFFICER (also may be of interest to Security Officer)
SUBJECT: Entities That May Be Conducting Banking Operations Without Authorization
Summary: The Office of the Comptroller of the Currency has published an updated aggregate list of unauthorized financial institutions.

The Office of the Comptroller of the Currency (OCC) has published the attached list of unauthorized entities that may be conducting banking business in the United States illegally or without authorization. The OCC's cumulative "unauthorized banks list" may be found at the following Web site: http://www.occ.gov/ftp/alert/2004-4a.pdf - PDF 135k (PDF Help). Please view with extreme caution any proposed transactions involving any of the listed entities.

The OCC's list does not contain the names of entities furnished by state or foreign governments. Beginning in 2003, unauthorized bank lists have been issued as Special Alerts. Previously, they were issued as Financial Institution Letters.

Information about these financial institutions may 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/2005/index.html. To learn how to automatically receive Special Alerts, Financial Institution Letters and other announcements through e-mail, please visit http://www.fdic.gov/about/subscriptions/bankers.html. This Special Alert supersedes SA-29-2003, issued June 6, 2003.

Michael J. Zamorski
Division of Supervision and Consumer Protection

Attachment: Available at http://www.occ.gov/ftp/alert/2004-4a.pdf - PDF 135k (PDF Help).

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 04/22/2005 communications@fdic.gov