Alert 1996-42| November 26, 1996

Unauthorized Banking: Midland Credit & Guarantee Bank, Ltd.


Chief Executive Officers of all National Banks; all State Banking Authorities; Chairman Board of Governors of the Federal Reserve System; Chairman, Federal Deposit Ins Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (District District Administrators; District Counsel and Examining Personnel

Information has been received that the subject entity may be operating a banking business in the United States without authorization. Further, the New York Banking Department has advised that the subject entity has not been granted permission to operate in New York.

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 202l9
Fax (202) 874-5301

Daniel P. Stipano
Enforcement & Compliance Division