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FEDERAL RESERVE BANK OF NEW YORK ^ , i/A Ju> ■tc> A ugust 6, 1990 HANDLING OF CHECKS AND OTHER ITEMS DRAWN ON: — National Bank of Kuwait S.A.K. — Commercial Bank of Kuwait S.A .K ., and — United Bank of Kuwait PLC To All Depository Institutions in the Second Federal Reserve District, and Others Concerned: Owing to the block im posed by the United States on assets of the Governm ent of Kuwait, its agencies and instrum entalities, and the Central Bank of Kuwait, this Bank will not handle items payable by, at, or through the Com m ercial Bank o f K u wait S .A .K . (0260-0104-1), nor will it return items to that institution until further notice. This Bank will resume presentm ent of items payable by, at, or through the Na tional Bank of Kuwait S.A .K . (0260-0021-7) and the United Bank of Kuwait PLC (0260-0743-0) and return items to those institutions. Items payable by, at, or through those institutions were returned on Friday, A ugust 3, 1990, owing to the President’s block and the determ ination by the Office of Foreign Assets Control (“OFAC”) of the Treasury D epartm ent that those institutions were controlled by the Governm ent of Kuwait. However, OFAC determ ined on A ugust 5, 1990 that those two institutions are not controlled by the Governm ent o f Kuwait. John F Sobala, Vice President.