ALERT 95-31
Type: Unauthorized Banking                       Subject:  Euro Commerce 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:  Euro Commerce Bank
     1221 Brickell Avenue, Suite 937
     Miami, Florida 33131
          and
     1 Northumberland Avenue
     Trafalgar Square
     London, England WC2N 5WB

     Information has been received that the subject entity may be operating a 
     banking business in the United States without authorization.  Further, 
     the Department of Banking and Finance, State of Florida, and the Bank of 
     England, London, England, have advised that the subject entity has not 
     been granted authority to operate  a banking business.  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: August 23, 1995