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Federal Deposit Insurance Corporation

Division of Supervision

550 17th Street NW, Washington, DC 20429

Foreign Assets Control Act
December 10, 1997

Executive Order Prohibiting Certain Transactions With Sudan




President Clinton has signed an Executive Order, effective November 4, 1997, imposing a trade
embargo against Sudan and a total assets freeze against the Government of Sudan. In addition
to blocking transactions with the Bank of Sudan (The Central Bank), transactions with the
following Sudanese banks also must be blocked: Agricultural Bank of Sudan, Bank of Khartoum,
Industrial Bank of Sudan, Islamic Co-Operative Development Bank, National Export-Import
Bank, Nilein Industrial Development Bank, People's Co-Operative Bank, Sudan Commercial
Bank, Sudanese Estates Bank, Sudanese Savings Bank, and Unity Bank.
Attached is information from the U.S. Department of the Treasury's Office of Foreign Assets
Control (OFAC) containing all changes to the list of Specially Designated Nationals affected by
the order. OFAC has asked that we distribute the update to all FDIC-regulated institutions so
records can be checked for accounts that are required to be blocked. OFAC information also
may be found on the Internet at
Please distribute the attached document to the appropriate personnel in your institution. For
further information about the Executive Order, the list of blocked accounts, or the procedures to
block accounts, please call OFAC's Compliance Programs Division at 1-800-540-6322.


Nicholas J. Ketcha Jr.

Attachment: Overview of U.S. Sanctions-Sudan
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, N.W., Room 100, Washington, D.C. 20434 (800276-6003 or (703) 562-2200).