Subject: Unauthorized Banking
Date: October 19, 1998
Description: Listing of Unauthorized Banks in Canada
Unauthorized Banking: Listing of Unauthorized Banks in Canada
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); Assistant Deputy Comptrollers; District Counsel and Examining Personnel
The Office of the Superintendent of Financial Institutions of Canada has informed the Office of the Comptroller of the Currency that none of the entities on the attached list are licensed chartered banks in Canada or registered representative offices of foreign banks in Canada. Please be guided accordingly.
Office of the Comptroller of the Currency
Daniel P. Stipano