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7/26/24, 1:40 PM FRB: Press Release -- Order of Prohibition against Fred J. Smilek -- December 16, 1998 Release Date: December 16, 1998 For immediate release The Federal Reserve Board today announced the issuance of an Order of Prohibition against Fred J. Smilek, a former officer of the Chemical Bank, New York, New York, a former state member bank. Mr. Smilek, without admitting to any allegations, consented to the issuance of the Order due to his alleged misappropriation of approximately $275,000 during the period when he was an officer of the bank. A copy of the Order is attached. Order (200 KB PDF) 1998 Enforcement actions Home | News and events Accessibility Last update: December 16, 1998, 5:00 PM https://www.federalreserve.gov/boarddocs/press/enforcement/1998/199812162/ 1/1