ALERT 98-5
Type:   Unauthorized Banking
Subject:  Fidelity International Bank
Date:     February 12, 1998

TO:  Chief Executive Officers of all National Banks; all State
     Banking Authorities; Chairman, Board of Governors of the
     Federal Reserve System; Chairman, Federal Deposit Insurance
     Corporation; Conference of State Bank Supervisors; Deputy
     Comptrollers (Districts);District Counsel and Examining
     Personnel.

RE:  Fidelity International Bank
     520 Madison Avenue
     New York, New York  10022

     Information has been received that the subject entity may be
     operating a banking business in the United States without
     authorization.  The New York State Banking Department has
     advised that the subject entity is not authorized to conduct
     a banking business in the State of New York.

     Any information which you may have concerning this matter
     should be brought to the attention of:

                    Office of the Comptroller of the Currency
                    Enforcement & Compliance Division
                    250 E Street, SW
                    Washington, DC  202l9
                    Fax (202) 874-5301




                                      
     Daniel P. Stipano
     Director
     Enforcement & Compliance Division