ALERT 96-35
Type: Unauthorized Banking         Subject: First National Savings Bank & Trust Association

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.

RE:  First National Savings Bank & Trust Association
     760 Market Street, Suite 315
     San Francisco, CA 94102-2404  

     Information has been received that the subject entity may be conducting a banking and     trust business in the United States without authorization.  The Office of the Comptroller
                                                                                               of the Currency has not granted a national charter to this entity.  Further, the California
                                                                                               State Banking Department has advised that the subject entity is not authorized to conduct
                                                                                               a banking business in California.  

     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
     Date:     October 1, 1996