On April 29, 2003, the Department of the Treasury's Office of Foreign Assets Control (OFAC) made available in the "Cuba Guidelines and Information" area of its Web site the attached Comprehensive Guidelines for License Applications to Engage in Travel-Related Transactions Involving Cuba.

OFAC has asked that we distribute this information to all FDIC-supervised institutions so that they may understand the requirements for dealing with businesses that transact business in Cuba. OFAC information also may be found on the Internet at www.treas.gov/offices/enforcement/ofac/. Please distribute this information to the appropriate personnel in your institution. For further information about guidelines for license applications with blocked countries, please call OFAC's Compliance Programs Division at 1-800-540-6322.

For your reference, FDIC Financial Institution Letters may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2003/index.html. To learn how to automatically receive FDIC Financial Institution Letters through e-mail, please visit http://www.fdic.gov/news/news/announcements/index.html.