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Fe d e r a l R e s e r v e Ba n k of Ne w Yo r k NEW YORK, N.Y. 1 0 0 4 5 A R E A C O D E 212 7 9 1 - 7 9 3 2 F r e d e r i c k C. S c h a d r a c k Vice P res ide nt January 6, 1983 TO ALL STATE MEMBER BANKS, BANK HOLDING COMPANIES, EDGE AND AGREEMENT CORPORATIONS, AND BRANCHES AND AGENCIES OF FOREIGN BANKS IN THE SECOND FEDERAL RESERVE DISTRICT, AND OTHERS CONCERNED SUBJECT: Unlicensed "Bank" in the Philippines The Federal Reserve System has been informed by the Central Bank of the Philippines that the following firm may be operating in the United States, is not a bank, and is not licensed or registered with the Central Bank: DBF Discount and Development Bank, Ltd. Philippines Any information concerning the above-named entity should be brought to the attention of our Bank Examinations Department (Tel. No. 212-791-5898). y C7>U iL d i €■ aoCu & Frederick C. Schadrack Vice President
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