BC 243
Supplement 5
BANKING ISSUANCE
Type: Banking Circular        
Subject: Suspicious Transactions
Date: October 27, 1993


TO: Chief Executive Officers of all National Banks; All State Banking Authorities; 
        Chairman, Board of Governors of the Federal Reserve System; Chairman, 
        Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; 
        Deputy Comptrollers (Districts); District Administrators; District Counsel and 
        Examining Personnel.


The Office of the Comptroller of the Currency has been advised by The Depository 
Trust Company, 55 Water Street, New York, N.Y. 10041 (DTC), that its name is 
being cited by persons who are engaged in promoting financial transactions involving 
"Prime Bank Instruments" including "Prime Bank Guaranties" and "Prime Bank 
Debentures". Such instruments are not known to have legal validity. Further, DTC has 
advised that such instruments are not eligible for deposit at DTC.

Please refer to the attachment. Any information which you may have regarding this 
matter should be brought to the attention of:


 
Office of the Comptroller of the Currency
Enforcement & Compliance Division
250 E Street, S.W.
Washington, D.C. 20219
FAX (202) 874-5301







Ralph E. Sharpe
Director
Enforcement & Compliance Division