ALERT 95-4               
Type: Unauthorized Banking                    Subject:  Bear 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:  Bear International Bank
     Santa Ysabel, CA  90000

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

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, DC  20219
          Fax (202) 874-5301





                                           
Daniel P. Stipano
Director
Enforcement & Compliance Division
Date:  January 31, 1995