ALERT 98-30
Type:   Unauthorized Banking
Subject: Richard Jones' Bank
Date: September 1, 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:  Richard Jones' Bank
     111 South Lewis Street, Apt. B
     New Iberia, LA   70560


Information has been received that the subject entity may be
operating a banking business in the United States without
authorization.  The subject entity is not authorized to conduct a
banking business in the State of Louisiana.  The Commissioner of
Financial Institutions 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, DC   20219
                         Fax (202) 874-5301 




                                                    
Daniel P. Stipano
Director
Enforcement & Compliance Division