ALERT 96-29
Type: Suspicious Transactions    Subject: Certified Collateral Assignment

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:  Certified Collateral Assignment

     
     Information is being received that banks are receiving an
     instrument titled Certified Collateral Assignment.  These
     instruments indicate "Collateral Assignment of Lien,
     Treasurer and Comptroller of the Currency Co-Assignees.  The
     drawer of these instruments is shown as Cornerstone Trust,
     Int'l.   Neville D. Coppin and Charles C. Miller, trustees. 
     Please be advised that such instruments are deemed to be
     without financial value; see attached copy of one of such
     instrument.  Previous Alerts 95-33, dated September 8, 1995,
     95-44, dated November 20, 1995, and 96-3, dated February 8,
     1996, have been issued relative to a variant of these
     instruments.

     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
     August 27, 1996

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