Alert 1998-26| August 10, 1998

Unauthorized Banking: Basel Credit and Guaranty Bank, A.G. (Melchizedek)

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); Assistant Deputy Comptrollers; District Counsel and Examining Personnel

Information has been received that the subject entity may be operating a banking business in the United States without authorization. Further, the State of Nevada Division of Financial Institutions has advised that the subject entity has not been granted permission to operate in Nevada.

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 20219
Fax (202) 874-5301

Daniel P. Stipano
Director
Enforcement & Compliance Division