ALERT 96-44
Type: Suspicious Transactions  Subject: Republic of Texas
Warrants

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:  Republic of Texas Warrants    

Information has been received that banks and other entities have
been receiving official looking instruments that have no
financial value.  The instruments have appeared in various places
in the United States, particularly in the State of Texas, and one
in Puerto Rico.  The instruments contain the heading "Republic of
Texas" and include a seal, Warrant Number, and state they are
issued to: 
                    The Republic of Texas Trust
                    c/o HCR-74 Box 101A
                    Fort Davis, TPZ 79734, The Republic of Texas  

The instruments appear to be originated by Richard Lance
McClaren, "Chief Ambassador and Consul General" of the so-called
Republic of Texas.

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
Date:     December 3, 1996