ALERT 98-36
Type: Unauthorized Banking
Subject: Atlantic Caribbean Bank & Trust Co., Ltd.
Date: November 4, 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:  Atlantic Caribbean Bank & Trust. Co., Ltd.
     St. John's, Antiqua, West Indies
     

The government of Antiqua and Barbuda, West Indies, has informed
the Office of the Comptroller of the Currency that the subject
entity has not been registered to conduct a banking business in
Antiqua.

Any information which you may have concerning this matter should
be brough 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