European Stars And Stripes (Newspaper) - January 11, 1986, Darmstadt, Hesse                                The stars and stripes sunday january 12, 1930page 2 i. J. J. Freeze hits libyan firms Banks real estate .,.,. Oil Industry Screes predicted that Waha Washington not beyond deposits in Ameri can Banks the frcc7c on libyan government properly that president Reagan ordered Lasi week touches u variety of libyan interests in the United states ranging from an Enterprise in Houston known As Waha Oil co. To two stable Banks in new York to Choice real Estale properties in new York and  administration estimates of All libyan assets in the United states including the country s deposits in Domestic and foreign branches of american Banks conic to about  billion a tiny portion of the hundreds of billions of dollars of foreign investment in the United we Aicer the figure a slate department official said the freeze would help Block libyan funding of any at Lemp cd terrorist acts in the United  said tha. 1,100 to 1,500 libyans Are students in the United state and that half receive All heir financial support Froid the khad Afy government. He said he assumed the president s freeze would apply to those trans fers As Well regardless of How the students use them. Of the estimated 12,5 billion in libyan assets the trea sury department which is preparing regulations govern ing the freeze has officially cited Only some hundreds of millions of dollars in Bank deposits. Bat of her govern ment sources who ecu cd to be further identified Saidie figure was actually close to ii billion during the week before , Early last week As american libyan tensions spread the sources said Tripoli began huge withdrawals of the funds provoking Reagan s announcement of the asset freeze on wednesday the sources said the withdrawal were Well above j100 million but they declined to be More administration agencies and private analysts said the could not account for All the remaining libyan investment in the United states. They also said the administration had no record of any private  moves men Rthur a private libyan citizens or  might have entered the country Mou obscure Channel such As Swiss add Caribbean financial Loti Argust known american investment the sources said appear. To be the Arab it Ming corp. In  in Bahrain it is owned c qually by i ments of Libya. Kuwait and the us cd Arab  the new York operation is a. Inti Siux by chartered Bank and. Like any other such Bank is subject to stale an Federal banking regulation. Because Libya is n minor y owner Treasury department officials sad. It can remaining business. Bui the freeze Means Libya cannot sell us we have a number of accounts from libyan entities and a have extended credit to libyan entities just As other new York Banks have said an officer there who declined to be identified All those of count have been blocked he said. Libya s deposits in the Bank exceed the Loans the Bank has made to Libya so he said we Are in a Iio a. Oil Industry sources predicted that Wahabe forced . Do u. R a notch Enterprise a Fhi Jamb Petroleum co., which buys Ameri eld Muir me yet and spare parts for use in Libya. J american Bank in new York is the Only of her american financial institution with libyan participation banking sources said. Its owners include most of a Middle Eastern Oil countries and Libya s share is about s percent. Ubay too is nationally chartered and i remaining in business we re a . Bank like arty other Bank in new York said us pres Debruce Henderson a Houston the libyan government is majority owner of Waha Oil co an american affiliate of Oasis Oil co. Of Libya. Dupont . Riecl and Amerada Hess Are Minon according to a woman answering the phone there mafia s principal business is processing payrolls Benefit claims mid other paperwork for american employees of Oasis in Libya. With the president s order that americans Diplomat  Hunker in new York said the company s account at i at Tad been Frozen. And because Reagan has also dered Tad embargo of Liju. That company to mrs to be have been put out of business everything Ken closed Down said a jaw Aby employee no de " w Novan Tovern men s american real Estale holdings aes to would be barred under the president s order i include a 1,504-Squarc-foot, two bedroom be oath a minium on Greensboro drive in the Washington Srof Mclean a tax officials in Fairfax county a said the unit s assessed valuation is iu3,�zi. The condominium is owned by Ari organi Talion called the pesos committee for libyan students which ate