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ANTI-MONEY LAUNDERING MEASURES

BSA/AML, OFAC and Fraud
November 27, 2002


TO: CHIEF EXECUTIVE OFFICER (Also of interest to the BSA Compliance Officer and Security Officer)
SUBJECT: Joint Agency Notice on Moratorium on
Section 314(a) Information Requests
Summary: A joint agency notice has been issued regarding a moratorium on law enforcement requests for information pursuant to section 314(a) of the USA PATRIOT Act.

Together with the Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, Office of Thrift Supervision, and National Credit Union Administration, the Federal Deposit Insurance Corporation is issuing the attached notice regarding a moratorium on requests made under the auspices of Section 314(a) of the USA PATRIOT Act.

On September 26, 2002, the U.S. Department of the Treasury issued a final rule to implement Section 314(a) of the USA PATRIOT Act that adds section 103.100 to the Bank Secrecy Act regulations. This section established procedures that encourage information sharing between governmental authorities and financial institutions. The attached notice addresses matters pertaining to the "Control List" and the information requests made by law enforcement agencies.

For further information, you may contact the FDIC's Special Activities Section, Division of Supervision and Consumer Protection at (202) 898-3671.

For your reference, FDIC Financial Institution Letters may be accessed from the FDIC's Web site at www.fdic.gov/news/financial-institution-letters/2002/index.html . To learn how to automatically receive FDIC Financial Institution Letters through e-mail, please visit Http://www.fdic.gov/news/news/announcements/index.html .



Michael J. Zamorski
Director

Attachment: Joint Agency Notice. Treasury Issues Moratorium on Section 314(a) Information Requests

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).


Last Updated: November 27, 2002