ALERT 96-41
Type: Unauthorized Banking    Subject: United Pacific Bank, Ltd.

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:  United Pacific Bank, Ltd.
     Port Vila, Republic of Vanuatu
     South Pacific

     The Vanuatu Financial Services Commission of the Republic of
     Vanuatu has advised that the banking license of the subject
     entity, previously registered as the First Asia Development
     Bank, Ltd., has been revoked.  Please be guided accordingly.

     Any information which you may have concerning this offshore
     bank entity 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 30, 1996