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F E D E R A L R E S E R V E BANK O F N E W YO R K March 27, 1975 COUNTERFEIT FOOD COUPONS To /4// B anking In s titu tio n s in the Second F ederal R e se rv e D istrict: This Bank has recently received a substantial number of counterfeit $5 food coupons from banks located in New York City and northern New Jersey. There are two different types of such counterfeit food coupons in circulation, both of which are considered of poor quality. I The most obvious defects are in the serial numbers. One such coupon that has been counterfeited is a $5 Food Coupon Series 1971. This coupon contains the following characteristics: Check letter Position number Face plate B 7 B33 upper left corner upper left corner lower right corner The counterfeit coupon has the following defects not found in genuine food coupons: 1. Two small white defects in border edge to upper left letter "S" in "U. S. Department of Agriculture". 2. Horizontal shading lines in center of large "$" represented by series of zigzag lines. 3. Sky effects represented by series of zigzag lines. U. "VALUE $30" on face of book cover printed offset rather than typographically. (O v e r ) 5. Serial number on face of book and on coupons is printed typographically (which is correct) but differs in size and style from the genuine. 6. Coupons separate from book by a series of consecutive slits rather than the usual round perforations that are contained in genuine books. The other counterfeit coupon is also a $5 Food Coupon Series 1971; it contains the following characteristics: Check letter Position number Face plate A 2 k \2 upper left corner upper left corner lower right corner The counterfeit coupon has the following defects not found in genuine food coupons: 1. The prefix and suffix letters in the serial number are out of alignment with the serial numbers and are typewritten. 2. Small white spots appear in the portrait of Lincoln. The details in the portrait and portrait background are not as distinct as the detail in genuine coupons. 3. The fine lines in the border scrollwork are not as clear as genuine coupons. We would appreciate your cooperation in notifying your employees and your customers about these counterfeit $5 food coupons. Please note that any counterfeit coupons received by this Bank will be treated in the same manner as counterfeit currency and charged back to the depositing bank's account. Please report all instances of suspected counterfeit food coupons to the nearest office of the United States Secret Service and the local Food and Nutrition Service Field Office. Additional copies of this letter will be furnished upon request. Al f r e d Ha y e s , President.
@FedFRASER