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FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States [ Circular No. 10375 ~| August 22, 1990 BLOCKING OF KUWAITI GOVERNMENT PROPERTY Change in Status of Arab African International Bank and Bahrain Arab International Bank To All Banks, and Others Concerned, in the Second Federal Reserve District: T h e O ffic e o f F o re ig n A s s e ts C o n tro l o f th e T re a su ry D e p a rtm e n t (“ O F A C ” ) h a s d e te rm in e d (a) th a t A ra b A fric a n In te rn a tio n a l B a n k should not b e c o n s id e re d a b lo c k e d e n tity u n d e r E x e c u tiv e O rd e rs N os. 1 2 7 2 3 a n d 1 2 7 2 5 , a n d (b ) th a t B a h ra in A ra b In te rn a tio n a l B an k should b e c o n s id e re d a b lo c k e d e n tity u n d e r th o s e E x e c u tiv e O rd e rs a n d sh o u ld b e a d d e d to th e C a te g o ry I e n titie s lis te d in o u r C irc u la r No. 1 0 3 6 5 . P r in te d o n th e re v e rse sid e o f th is c irc u la r is a c o p y o f a letter, d a te d A u g u s t 2 1 , 1 9 9 0 , fro m O FA C c o n ta in in g th e s e d e te rm in a tio n s . Q u e s tio n s o n th is m a tte r m ay b e d ire c te d to B rad ley K . S a b e l, C o u n se l (Tel. No. 2 1 2 -7 2 0 -5 0 4 1 ). E. G erald C o r r ig a n , President. (OVER) DEPARTMENT OF THE TREASURY W A S H IN G TO N AUG 2 1 1SS0 FAC NO. 118522 Dear Mr. Fa.trilci.at In ay letter to you of August 5, 199 0, I set forth the status of various banks under Executive Order No. 12723. Since that date we have received additional information regarding the ownership and control of banks listed in Category XII of that letter. We have also received information concerning the status of other banks or entities not listed in the August 5 letter. Based upon the information we have received, we have determined that the following bank should not be considered a blocked entity under Executive Order No. 12723 and Executive Order No. 12725 of August 9, 1990: Arab African International Bank We have also determined that the following bank should be considered a blocked entity’ under Executive Order No. 12723 and Executive Order No. 12725 and should be included with those listed in Category I (I.e., blocked): Bahrain Arab International Bank We will complete our review of the status of the remaining banks listed in Category III of the August 5 letter shortly. Thank you for your ongoing cooperation. R. Richard Newcomb Director Office of Foreign Assets Control Ernest T. P&trikis General Counsel and Executive Vice President Federal Reserve Bank of New York 33 Liberty street New York, New York 10045