ALERT 97-33

Type:  Unauthorized Banking
Subject: The Excelsior Bank/The Excelsior         
         International Bank Corp

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

Information has been received that The Excelsior Bank/The
Excelsior International Bank Corp., an offshore registration in
Barbados, West Indies, is soliciting deposits on the Internet. 
Such deposits do not have the protection of the Federal Deposit
Insurance Company.  The subject entity's advertisement indicates
that it is a Class A bank and that deposits are insured.  Both
are false and misleading statements.  Further, the subject entity
is not authorized, supervised, or regulated by any U.S. financial
regulatory agency.  The Idaho Department of Finance has issued a
Cease and Desist Order.

It is urged that careful due diligence be conducted before any
involvement occurs relative to this subject matter.

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: December 9, 1997