ALERT 96-5
Type:  Unauthorized Banking     Subject: CITICORP FINANCIAL SERVICES

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:  CITICORP FINANCIAL SERVICES
     9899 Santa Monica Blvd., Suite 228
     Beverly Hills, CA 90212

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

     Please be advised that the subject entity cited at the above
     address is not associated with Citicorp-Citibank, a large
     multi-national financial institution, which is a licensed
     entity in the State of 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, D.C.  202l9
                    Fax (202) 874-5301



                                      
     Daniel P. Stipano
     Director
     Enforcement & Compliance Division   
     Date: March 8, 1996