ALERT 2005-1
OCC ALERT
Subject: Unauthorized Banking
Description: Sunra International
Bank & Trust Corporation, Republic of Palau,
License Revocation 
Date: January 7, 2005                                     
 
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); Assistant Deputy Comptrollers;
     District Counsel and Examining Personnel

RE:  Revocation of Banking License,
     Sunra International Bank & Trust Corporation, Republic of
     Palau

The Financial Institutions Commission, Republic of Palau, has
advised the Office of the Comptroller of the Currency that it
revoked the banking license of Sunra International Bank & Trust
Corporation (Sunra) on January 6, 2005.  The commission advised
that Sunra is immediately barred from performing any banking and
related financial activities but has been granted 30 days from
the date of license revocation to cease its operations.

Any information or questions that you may have concerning this
matter should be brought to the attention of:
               Mail: G. Semdiu Decherong, Executive Commissioner
                     Financial Institutions Commission
                     PO Box 10243,
                     Koror, Republic of Palau  96940
               Phone:    (680) 488-3560  Fax: 680- 488-3564
               E-mail:   fic@palaunet.com
                        and
               Internet: http://www.occ.treas.gov
               E-mail:   occalertresponses@occ.treas.gov
               Mail: Office of the Comptroller of the Currency
                     Enforcement & Compliance Division, MS 8-10
                     250 E Street, SW, Washington, DC   20219
               Fax:  (202) 874-5301
     



Brian C. McCormally
Director
Enforcement & Compliance Division