Alert 1998-34| October 19, 1998

Unauthorized Banking: First Mutual Sparkassa Ekonomisk Forening


Chief Executive Officers of all National Banks; all State Banking Authorities; Chairman, Board of Governors of the Federal Reserve System; Chairman, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsel and Examining Personnel

Information has been received from the Swedish Financial Supervisory Authority, Finansinspektionen, relative to illegal activities of the subject entity and suspect activities of other sparkassa entities. Please be guided accordingly by the contents of the attachments.

Any information which you have concerning this subject matter should be brought to the attention of:

Office of the Comptroller of the Currency
Enforcement & Compliance Division
250 E Street, SW
Fax (202) 874-5301
Washington, DC 20219


Daniel P. Stipano
Enforcement & Compliance Division

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