|Next Info Memo||List of Info Memos|
|Subject:||Counterfeit Cashier's Checks, etc.|
|Date of Memorandum:||09/26/1997|
|Signed By:||Glenn, Thomas for R.Smith|
|FCA Contact Person:||Holland, Tom|
|List of Attachments:||OCC Alerts 97-19|
September 26, 1997
To: The Chief Executive Officer
All Farm Credit System Institutions
From: Roland E. Smith, Director /s/ Thomas M. Glenn for
Office of Examination
Subject: Memorandum Advising of Counterfeit Cashier's Checks, Worthless Letters of Credit, and Unauthorized Banking Entities
The Farm Credit Administration (FCA) is distributing copies of six recent OCC Alerts issued by the Office of the Comptroller of the Currency (OCC). These documents contain information that may prevent you or your institution from suffering a financial loss.
OCC Alert 97-19 warns that counterfeit cashier's checks drawn on First National Bank and Trust, Monroe, Wisconsin, have been found in circulation. The OCC Alert includes a copy of one of the counterfeit instruments as well as one of the institution's legitimate cashier's checks. OCC Alert 97-20 provides information regarding a worthless Letter of Credit that has been received by commercial banks. The instrument is on the Ford Motor Company and appears to be originated by “Robert Phillip:, Moore Junior,” of Honolulu, Hawaii. The OCC Alert includes a copy of the worthless instrument. OCC Alerts 97-18, 97-21, 97-22, and 97-24 identify entities that may be operating banking businesses without authorization. The OCC Alerts include contact telephone numbers and addresses should you have any information regarding the financial instruments or the unauthorized banking entities.
This memorandum complements similar OCC Alerts and other information previously distributed by the FCA to Farm Credit System institutions and should be retained for reference. If you have questions regarding this document or similar previous documents, please call Tom Holland in the Office of Examination at (703) 883-4483.