Subject: Unauthorized Banking
Date: November 26, 1996
Description: Midland Credit & Guarantee Bank, Ltd.
Unauthorized Banking: Midland Credit & Guarantee Bank, Ltd.
To: Chief Executive Officers of all National Banks; all State Banking Authorities; Board of Governors of the Federal Reserve System; Chairman, Federal Deposit Ins Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (District District Administrators; District Counsel and Examining Personnel
Information has been received that the subject entity may be operating a banking business in the United States without authorization. Further, the New York Banking Department has advised that the subject entity has not been granted permission to operate in New York.
Any information which you may have concerning this matter should be brought to the attention of:
Office of the Comptroller of the Currency
Daniel P. Stipano