WASHINGTON - The Federal Reserve Board has barred a former employee of Union Planters Bank in Memphis from participating in the operation of any financial institution or financial holding company.

Sammie R. Golden, who worked in the bank's Memphis office, had been accused of helping a customer cash 12 forged checks worth a total of $7,000.

The action was brought against Ms. Golden in April by the Office of the Comptroller of the Currency. But under federal law, final determination in such cases must be made by the Fed, which issued its decision Friday.

Ms. Golden could not be reached for comment.

The Fed also announced last week that a New York branch of Credit Agricole Indosuez of Paris has agreed to improve its internal controls and to address deficiencies in its risk management, compliance, and audit programs.

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