ALERT 97-14

Type:  Suspicious Transactions     Subject:  Netware
                                             International Bank

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); District Administrators; District
     Counsel and Examining Personnel.

RE:  Netware International Bank
     136 Stutts Road #2
     Mooresville, NC  28115

     
Information is being received that the subject entity is
soliciting deposits on the Internet offering high rate interest. 
Such deposits are not insured by the Federal Deposit Insurance
Corporation.  Further, the Commissioner of Banking, State of
North Carolina, has advised that this entity has not been issued
a bank charter.
     
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
     Director
     Enforcement & Compliance Division
     Date:     June 24, 1997