Federal Deposit
Insurance Corporation

On May 22, 2003, the Department of the Treasury's Office of Foreign Assets Control (OFAC) made available in the Interpretative Rulings area of its Web site guidance entitled "Facilitation of non-commercial humanitarian funds transfers (Iraq)," and assigned Ruling Number 030521-FACRL-IQ-01 to it. A copy of the guidance is attached.

Additional information concerning OFAC-related issues may be found on the Internet at https://home.treasury.gov/policy-issues/office-of-foreign-assets-control-sanctions-programs-and-information.

Please distribute this information to the appropriate personnel in your institution. For further information about Executive Orders or control regulations, please call OFAC's Compliance Programs Division at 1-800-540-6322.

For your reference, FDIC Financial Institution Letters may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2003/index.html. To learn how to automatically receive FDIC Financial Institution Letters through e-mail, please visit http://www.fdic.gov/news/news/announcements/index.html.