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The Office of the Comptroller of the Currency (OCC) has advised us that the following entity may be conducting banking business in the United States without authorization. It is reported to have a charter issued by the Republic of Palau, with an office in San Francisco, California. The entity is advertising on the Internet for depository business, and the address in Koror, Palau, is stated to be the location of the headquarters office.

The OCC has not granted a national charter to this entity, and it has not been licensed by the state of California. The State of California, Department of Financial Institutions, issued a cease and desist order to the subject on June 23, 2000. Proposed transactions involving this entity should be viewed with extreme caution.

Allied Boston Bank, Inc. (Palau) 
100 Pine Street, Suite 2260 
San Francisco, CA 94111

Headquarters Office Address: 
523 Toirois Malakal 
Koror, Republic of Palau 96940

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

California Department of Financial Institutions 
111 Pine Street, Suite 1100 
San Francisco, CA 94111-5613 
Fax: 415-288-8830 
E-mail: http://www.dfi.ca.gov 

Information about this entity also may be forwarded to the �౦��Ϸ����'s Special Activities Section, 550 17th Street, NW, Room F-6012, Washington, DC 20429. For your reference, all �౦��Ϸ���� Financial Institution Letters published since January of 1995 may be found on the �౦��Ϸ����'s Web site at under "News, Events & FOIA."

Distribution: �౦��Ϸ����-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of �౦��Ϸ���� financial institution letters may be obtained through the �౦��Ϸ����'s Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).