ALERT 98-35
Type: Unauthorized Banking
Subject: Western Credit Bank, L.L.C.
Date: October 19, 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: Western Credit Bank, L.L.C.
    245 Winter Street, S.E.
    Salem, Oregon 97301

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

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