ALERT 98-28
Type:  Unauthorized Banking
Subject: Swiss Merchant Bank, A.G. (Melchizedek)
Date: August 14, 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:  Swiss Merchant Bank, A.G.
     1730 K Street, NW, #304
     Washington, DC 20006     

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 District of Columbia.

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