ALERT 98-9
Type: Unauthorized Banking
Subject: Banhofstrasse, Commercial Bank AG (Melchizedek)
Date: March 5, 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:  Banhofstrasse, Commercial Bank AG (Melchizedek)
     110 East 59th Street
     6th Floor
     New York, NY 10022

Information has been received that the subject entity may be
operating a banking business in the United States without
authorization.  Further, the New York Banking Department has
advised that the subject entity has not been granted permission
to operate in 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