Office of Foreign Assets Control - Circulars - FEDERAL RESERVE BANK of NEW YORK

Museum & Visits Regional Economy Data & Statistics Careers Blog Press Center

About the New York Fed
- About the New York Fed
- What We Do
- Who We Are
  - Bank Leadership
  - Diversity and Inclusion
- Communities We Serve
- Governance
- More About Us
- At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
  
  The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
  
  Do you have a request for information and records? Learn how to submit it.
  
  Learn about the history of the New York Fed and central banking in the United States through articles, speeches, photos and video.
Markets & Policy Implementation

Economic Research
- Economic Research
- U.S. Economy
  - Consumer Expectations & Behavior
  - Growth & Inflation
  - Labor Market
  - Financial Stability
  - Banking
- REGIONAL ECONOMY
- RESEARCHERS
  - PUBLICATIONS
  - RESEARCH CENTERS
  - CALENDAR

Financial Institution Supervision
- Financial Institution Supervision
- Supervision & Regulation
  - Circulars
  - Regulations
- Reporting Forms & Instructions
  - Reporting Forms
  - Correspondence
- Bank Applications
- Consumer Protection
  - Community Reinvestment Act Exams
  - Frauds and Scams
- As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system.
  
  The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
  
  Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
  
  The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
Financial Services & Infrastructure
- Financial Services & Infrastructure
- Financial Services & Operations
- Financial Market Infrastructure & Reform
- The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
  
  The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
  
  The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.
  
  The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
Community Development
& Education

Circular

Office of Foreign Assets Control

July 8, 1999

Circular No. 11165

Asset Freeze and Trade Embargo vs. the Taliban in Afghanistan

To All Depository Institutions and Others Concerned in the Second Federal Reserve District:

The following is from a bulletin that the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has sent to on-line depository institutions regarding the issuance of an Executive Order to freeze the assets and impose a trade embargo against the Taliban in Afghanistan:

FOR IMMEDIATE ATTENTION - A BULLETIN FROM THE OFFICE OF FOREIGN ASSETS CONTROL

A NEW EXECUTIVE ORDER HAS BEEN ISSUED IMPOSING AN ASSET FREEZE AND TRADE EMBARGO AGAINST THE TALIBAN IN AFGHANISTAN EFFECTIVE 12:01 A.M. EASTERN DAYLIGHT TIME ON JULY 6, 1999. ALL PROPERTY OR INTERESTS IN PROPERTY OF THE TALIBAN OR OF PERSONS DESIGNATED AS OWNED OR CONTROLLED OR ACTING ON BEHALF OF THE TALIBAN ARE BLOCKED. IMPORTS AND EXPORTS OF GOODS AND SERVICES TO THE TALIBAN OR TO AREAS OF AFGHANISTAN CONTROLLED BY THE TALIBAN ARE PROHIBITED. THE TEXT OF THE EXECUTIVE ORDER IS AVAILABLE ON OFAC's WEB SITE . YOU CAN ALSO RETRIEVE THE INFORMATION FROM OFAC's FAX-ON-DEMAND SERVICE AT 202/622-0077 OR CALL OFAC COMPLIANCE AT 800/540-6322 FOR DETAILS.

COMPL995035

If you have any questions, contact OFAC, as specified above.

By continuing to use our site, you agree to our Terms of Use and Privacy Statement. You can learn more about how we use cookies by reviewing our Privacy Statement.