ALERT 98 - 14
Type:   Unauthorized Banking
Subject:  Caribbean Bank of Commerce, Ltd.
Date:     April 21, 1998

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 Director of the International Business Corporations
Department, Government of Antigua and Barbuda, has informed the
Office of the Comptroller of the Currency that the following
company has been struck off the register of International
Business Corporations.  As a consequence of the preceding
removal, the company's International Banking License has been
revoked effective April 15, 1998:

Caribbean Bank of Commerce, Ltd.

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