DETERMINATION NOT TO CONDUCT A TERMINATION PROCEEDING.Bancomer, S.A. Mexico City, Mexico The Federal Reserve Board announced on December 12, 2000, pursuant to section 7(i) of the International Banking Act ("IBA IBA - Idaho Bankers Association IBA - Important Bird Area(s) IBA - INcinerator Bottom Ash IBA - Independent Bakers Association IBA - Independent Broadcast Authority IBA - Independent Business Application IBA - Indian Banks' Association IBA - Indiana Beekeeper's Association IBA - Individual Body Armor (US Army) IBA - Individual Brokerage Account IBA - Individually Billed Accounts IBA - Industrial Biotechnology Association"), the Board of Governors has determined that it is not necessary to conduct a proceeding to determine if the United States operations of Bancomer, S.A., Mexico City, Mexico ("Bancomer"), and Banca Serfin, S.A., Lomas de Santa Fe, Mexico ("Serfin"), foreign banks within the meaning of the IBA, should be terminated as a result of Bancomer and Serfin each having been found guilty of a money laundering offense in the United States. |
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