ALERT 95-27
Type: Unauthorized Banking                    Subject:  Morgan Guaranty Trust

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:  Morgan Guaranty Trust
     1226 Morgan Avenue, N.W.
     Washington, D.C.  20009

     Information has been received that the subject entity may be operating a 
     banking business in the United States without authorization.  Further, 
     the subject entity is not associated in any manner with Morgan Guaranty 
     Trust Company of New York, a state chartered bank headquartered in New 
     York, 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, S.W.
                    Washington, D.C.  202l9
                    Fax (202) 874-5301




                                      
     Daniel P. Stipano
     Director
     Enforcement & Compliance Division    
     Date: July 14, 1995