BANK AND RESOURCES OF $4,043,907 VANISH FROM EARTH; EXECUTIVES, TOO

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP66B00403R000200010147-5
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 3
• Document Creation Date: December 16, 2016
• Document Release Date: January 3, 2005
• Sequence Number: 147
• Publication Date: January 25, 1961
• Content Type: NSPR

Approved For Release 2005/01/05 : CIA-RDP66B00403R000200010147-5
Approved For Release 2005/01/05 : CIA-RDP66B00403R00020001GIA]985
 e;US/01t05 CAA=RDP6s~?17-
TM WASRIN(TON POST 1?vdfFSdaY. )rtnunn, 25, 1761 A17
)icecoedition
tory.in `publisedshed
ts
_n- and Resources of $4
043
907
,
,
alance sheet for Ameri-l
ch Foreign Bank indicating
9'5c'
wa sh. From *Earth; Executives, Too tl assets of $4,238,000
yk, The Banker's Almanac"
ack- futile For the moment at shows a statement for the year'
are
t
d "
t
t
i
b
p
we
ars s
a
e
erg post
n
By David Ste
,. It
American & Foreign ended Dec. 31. 1958, pegging
d least
i
N
s
id T
ib
d
d
,
erv
ews
er
r
une
s an
recor
ce iqgour books an
; The American & Foreign shipping them to Panama, Bank of Tangier (or Panama)'',total assets at $4,043,907. De
t of Tangier, formerly Where. liberal legislation would appears to he on the high aeti$osits are listed at $3.114,141,
6v n as the Moroccan Bank,' permit the accustomed ease of I The disappearance of the in- pa -in capital at $212,766 and
rc erve~ of $ O2.ftf0.
?
stitution has been brought to
been missing since June, operatipn. the attention of thr Untteri I.. recent years a number of
=fl With its executives and The two page circular in
of $4,043,907, an in ~eluded a post office box num States Department of State, prominent international bank',
y $1 on by the l ew York ber in Panama City for "abso-hand the Moroccan and l'ina- bare been identrfird by Amer!
llet*l'd Tribune hi#s disclosed. lute emergency" transactions!manian Embassies by a grow can Fnrr'ig" it 'I' oVr l'eaf'
ing stream of inquii ies from c m respondr nt> 1 u h of these
d fi
k
l
i
vate
y manage
The pr
over the following four wee
s, d efai" Institution, formed in after which American & For-!frustrated and frantic depos 'lrradqua r r i in w York ac
? 2;az.d reportedly'headed by eign Bank presumably wouldlitors, most of whom seem to ikroWWlc^t}-h i`h ,. ithcAmeri
stationed abroad. recent ti rn~actions wan u. Ur
ltesta an June 22, 1960 %
whrreuh oft.
on Hi
h Seas
renti
f it
'i
g
y
s
gc r,
The disappearance was knowler
tIt.lecent reforms in Tangier Fpa
ri in r? nr condition
e that time to
i
ke
ed Effo
ts
d
th
ible th
t
i
n
nc
e nrc
r
s
over
porte
mposs
e con
inu
.~m of activity It had en-contact the bank in Panama, terpol, the internal iniia1 ,ol0 The final investment in 1,4w
ed previously while Tangier at 23 Boulevard Pasteur W organization. organization. don was revealed as the P:i
tified mar
id
en
~r an international` city. 'Tangier, or through its corre-' The matter a', o has brt t-t -'lase of an un
Therefore, the advice to de?'spondent banks have proved ,.:;vered in a sc ie; of rtis firinr:ng company with earn
nd #80 0(10
l
"
y arou
present
t,atches from the United States inns
Consulate in Tan., )er'o Wash- (5168,+100) per year."
ington. These note that many Tust before crincludina with
of the outraged depositors the assertion that "the fut'fl"
takenly believe the bank to be rof the bank) has never looked
r,;ne official agenc:. of brighter than at ,his mome'n'
t'n4ted States Government he ..except. for a temporary rli
exu.e of its imposin, name location of servire" the circ',i
far contained a paracraph hcad-
lined "We Apologize "
"Moving a Kirik from Tan
gier to Panama frankly, a
hell of a .lob: t'icarse, eo-
operate with us during this try
dig period and restrict your
transactions to absolute emer
g(,-try items.... `fou must. of
course, be prepared for somel
delay in the handlin): of all
irarrsaction'- durin4 thr nestct
weeks
Approved For Release 2005/01/05 : CIA-RDP66B00403R000200010147-5
 STAT Approved For Release 2005/01/05 : CIA-RDP66B00403R000200010147-5
Approved For Release 2005/01/05 : CIA-RDP66B00403R000200010147-5