ALERT 99-9
Type: Unauthorized Banking
Subject: Osmi Bank Fullerton Financial Corporation
Date: August 6, 1999

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);
     Assistant Deputy Comptrollers; District Counsel and
     Examining Personnel


The International Financial Sector Authority, Government of
Antigua and Barbuda, has
advised the Office of the Comptroller of the Currency that the
following entities' claims to be registered in Antigua and
Barbuda are false.

Osmi Bank is not and never has been registered nor issued a bank
license by the Government of Antigua and Barbuda.  

Fullerton Financial Corporation has not been registered in the
jurisdiction of Antigua and Barbuda. An order to cease and desist
from such claims was faxed to Fullerton on July 6, 1999.

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 20219
                    Fax (202) 874-5301




                                                    
Daniel P. Stipano
Director
Enforcement & Compliance Division