He advised those who could leave to do so, and immediately froze any assets of more than half a million dollars kept by any prince in any Saudi bank.

Corp., was filed by families of 600 victims of the September 11, 2001 (9/11) attacks against Saudi banks, charity organizations, and companies.

This means that Saudi banks will have great difficulty financing private enterprise.

Saudi banks took on a threefold increase of Government debt from 1989 to mid-1992.

A few years ago, Saudi banks started opening social branches for women, with separate entrances, distinct product offerings and all-female staffs.

Early in 1989, it approved plans for six top Saudi banks to act as market makers for the bonds.

"The relationship between Morgan and the Saudi central bank was considered a great coup for the Morgan firm," Mr. Wright said.

The committee created a voucher system under which Iraqi pilgrims received a certificate in Baghdad that they could exchange for cash in Saudi banks.

Terrorists have also laundered money through Saudi banks and companies and have parked large sums in accounts under their control.

Also named as defendants are Al Qaeda and many Saudi banks and Muslim charities.