Previous Document IconPrevious Info Memo

Next Document IconNext Info MemoExam Manual Table of Contents IconList of Info Memos

Informational Memorandum
Subject:Unauthorized Banking Entity & Stolen Cashier's Checks
Date of Memorandum:08/08/1997
Expiration Date:
Office:OE
Signed By:Smith, Roland
FCA Contact Person:Holland, Tom
Contact Phone:703-883-4484
List of Attachments:OCC Alerts 97-16 & 97-17
INFORMATIONAL MEMORANDUM



August 8, 1997


To: The Chief Executive Officer
All Farm Credit System Institutions

From: Roland E. Smith, Director /s/
Office of Examination

Subject: Memorandum Advising of Unauthorized Banking Entity and Stolen Cashier's Checks


The Farm Credit Administration (FCA) is distributing copies of two 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 97-16 identifies an entity that may be operating a banking business without authorization. OCC Alert 97-17 advises that a substantial number of stolen cashier's checks on the National Bank of Commerce, Memphis, TN, have been found in circulation. The checks are numbered 321751 through 322000. The OCC Alerts include contact telephone numbers and addresses should you have any information regarding the stolen cashier's checks or the unauthorized banking entity.

This memorandum complements similar OCC Alerts and other information previously distrib-uted 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 Jerry Erickson in the Office of Examination at (703) 883-4483.

Attachments