ALERT 96-26
Type:Suspicious Transactions              Subject: Fraudulent Bank Instruments                                                          

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 Administrators; District
     Counsel and Examining Personnel

     Information is being received that fraudulent instruments
     are in circulation in the form of certificates of deposit,
     cashier's checks, bank guarantees and letters of credit
     purportedly issued by the Israel Discount Bank, Ltd., 2875
     N.E. 191 Street, Aventura/Miami, Florida  33180-2830.  Many
     such instruments are in amounts in excess of $1 million.

     Extreme caution is urged when any such instruments are
     offered.  Any information that you may have concerning this
     matter should be reported to the subject bank indicated
     above and to the attention of:
     
     
                    Office of the Comptroller of the Currency
                    Enforcement & Compliance Division
                    250 E Street, S.W.
                    Washington, DC  202l9
                    Fax (202) 874-5301



                                      
     Daniel P. Stipano
     Director
     Enforcement & Compliance Division
Date:     August 1, 1996