ALERT 98-38
Type: Unauthorized Banking
Subject: Caribbean Bank of Commerce Ltd. 
             (Melchizedek)
Date: November 13, 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:  Caribbean Bank of Commerce Ltd. (Melchizedek)
        U.S. Representative Office
        17 Chestnut Street
        Ridgewood, New Jersey   07450

Information has been received that the subject entity holding a
bank license issued by the Dominion of Melchizedek, a non-recognized 
sovereignty, has an unauthorized address in the United
States.  This entity, subject to Alert 98-14, dated April 21,
1998, subsequently had its Antigua license reinstated. However,
the government of Antigua and Barbuda, through its supervisor of
banks, has recently given notice that the subject entity's
license will again be revoked.

Any information 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