ALERT 98-24
Type:  Unauthorized Banking
Subject: London Chartered Bank, Ltd. (Melchizedek)     
Date: August 7, 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



RE:  London Chartered Bank, Ltd. (Melchizedek)
     28720 Roadside Drive, Suite 178
     Agoura Hills, California   91301-3317

Information has been received that the subject entity may be
operating a banking business in the United States without
authorization.  The State of California Department of Financial
Institutions has advised that the subject entity is not
authorized to conduct a banking business in the State of
California.

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