ALERT 98-17
Type:   Unauthorized Banking
Subject:   United Funding Bancorporation, Ltd.
Date:     April 22, 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; and
     Examining Personnel

RE:  United Funding Bancorporation, Ltd.
     318 North Carson Street, Suite 214
     Carson City, Nevada  89701

Information has been received that the subject entity may be
operating a banking business in the United States without
authorization.  Further, the Nevada Financial Institution
Division has advised that the subject entity has not been granted
permission to operate in Nevada and has issued a Cease and Desist
Order.                                      

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, D.C.  202l9
                    Fax (202) 874-5301



                                                    
Daniel P. Stipano
Director
Enforcement & Compliance Division