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Alert 1995-32
Description: Guarantee Instruments

Unauthorized Banking: Guarantee Instruments

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

Information has been received that BANK GUARANTEE instruments purportedly issued by Banque Centrale De Madagascar (Central Bank) are in circulation. The government of Madagascar has advised that such instruments do not constitute legal obligations of the Central Bank and the government of Madagascar. Please be guided accordingly.

Any information which you may have concerning this matter should be brought to the attention of:

Office of the Comptroller of the Currency
Enforcement & Compliance Division
250 E Street, SW
Washington, DC 202l9
Fax (202) 874-5301

Daniel P. Stipano
Director
Enforcement & Compliance Division