ALERT 99-11
Type: Banking License Cancellation
Subject: Occidental Bank Limited
Date: September 7, 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

RE:  Occidental Bank Limited

     The Registrar, Office of the Registrar of International and
     Foreign Companies, Samoa, has informed the Office of the
     Comptroller of the Currency that the following company's
     restricted B(2) class license, issued March 13, 1997, has
     been canceled effective August 16, 1999:

     Occidental Bank Limited
     Level 2, Lotemau Centre
     PO Box 3271
     Vaea Street
     Apia, Samoa

     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