NATIONAL CONSUMER COOPERATIVE BANK /DC/
8-K, 1997-05-13
PERSONAL CREDIT INSTITUTIONS
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               SECURITIES AND EXCHANGE COMMISSION
                      WASHINGTON, DC 20549
                                                
                                
                            FORM 8-K
                                
                         CURRENT REPORT
             PURSUANT TO SECTION 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934
                                
                                
                                
Date of report (Date of earliest event reported)    May 13, 1997 
   
              National Consumer Cooperative Bank                              
       (Exact Name of Registrant as Specified in Charter)

United States of America
(12 USC Section 3001 et seq.)       2-99779                  52-1157795   
(State or Other Jurisdiction  (Commission File Number)  (IRS Employer ID No.) 
 of Incorporation)


1401 Eye Street, N.W., Suite 700, Washington, D.C.                 20005   
(Address of Principal Elective Offices)                          (Zip Code)


Registrant's telephone number, including area code      (202) 336-7700       

<PAGE>
               INFORMATION INCLUDED IN THE REPORT


Item 4. Changes in Registrant's Certifying Accountant

     The Registrant solicited proposals for independent audit and
accounting services subsequent to the filing of their Form 10-K for 1996.
As a result of a competitive proposal process which included Deloitte &
Touche LLP, the Audit Committee of the Board of Directors recommended
that the registrant engage Arthur Andersen LLP as the independent
accountant for the Registrant. Therefore, on May 6,1997, Registrant
dismissed Deloitte & Touche LLP and engaged Arthur Andersen for such
services subject to their acceptance of the engagement. The Registrant
has not consulted Arthur Andersen on any matter within the scope of
Regulation S-K 304(a)(2) for the Registrant's two most recent fiscal
years or the subsequent interim period.

     During the two most recent years ended December 31, 1995 and 1996,
and during the interim period until May 6, 1997, there were no
disagreements with D&T, on any matter of accounting principles or
practices, financial statement disclosures, or auditing scope or
procedures, which disagreements, if not resolved to the satisfaction of
D&T, would have caused them to make reference to the subject matter of
the disagreements in connection with their reports.

     D&T's reports on the registrant's consolidated financial statements
for the past two years contained no adverse opinion nor any disclaimer
of opinion, nor were they qualified or modified as to uncertainty, audit
scope, or accounting principles. None of the events specified in
Regulation S-K 304(a)(1)(v) occurred during the registrant's two most
recent fiscal years ended December 31, 1995 and 1996, or during the
interim period until May 6, 1997.

     The registrant has requested D&T to furnish it with a letter
addressed to the Securities and Exchange Commission stating whether or
not it agrees with the statements made by the registrant in response to
this item 4 and, if not, stating the respects in which it does not agree.

Item 7. Financial statements, pro forma financial information and
exhibits 

(c)  Exhibits

     Exhibit 16: Letters from Deloitte & Touche LLP dated May 13, 1997.
<PAGE>
                           SIGNATURES



     Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.




                                   National Consumer Cooperative Bank


Date May 6, 1997                   By /s/ Richard L. Reed           
                                      Richard L. Reed,
                                      Managing Director,
                                      Chief Financial Officer

  May 13, 1997
  
  
  
  Securities and Exchange Commission
  Mail Stop 9-5
  450 5th Street, N.W.
  Washington, D.C.   20549
  
  
  
  
  Dear Sirs/Madams:
  
  We have read and agree with the comments in Item 4 of Form
  8-K of National Cooperative Bank dated May 13, 1997.
  

  
  Yours truly,
  Deloitte & Touche LLP
  
  
  


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