ALERT 98-20
Type:   Unauthorized Banking
Subject:   Commercial Banking Group Creditanstalt, A. G. et al
Date:     June 17, 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 New York State Banking Department has issued a Special
Bulletin Alert (attached) on the following entities operating a
banking business in the United States without authorization:

     Commercial Credit of New York, LLC; Holding Group
     Corporation;
     Commercial Credit of New York Holding Corp.;
     Commercial Banking Group;
     Commercial Bank, A. G. and
     Creditanstalt A. G., 110 East 59th Street (6th Floor), New
     York, New York 10022

Further, Creditanstalt A G, Greenwich, Connecticut Branch, Two
Greenwich Plaza, Greenwich, Connecticut, 06830, a legitimate
bank, has advised that it is not affiliated in any manner with
any of the above-mentioned entities.

Please be guided accordingly.




                                       
Daniel P. Stipano
Director
Enforcement & Compliance Division                                 
   

Attachment