Subject: Unauthorized Banking
Date: February 15, 1995
Description: Investors International Bank, Ltd.
Unauthorized Banking: Investors International Bank, Ltd.
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 the subject entity may be operating a banking business in the United States without authorization. Further, the State of 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