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Federal Deposit Insurance Corporation

Division of Supervision

550 17th Street NW, Washington, DC 20429

Special Alert
FIL-45-99
May 27, 1999
TO:
SUBJECT:

CHIEF EXECUTIVE OFFICER
Counterfeit Cashier’s Checks

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The Federal Deposit Insurance Corporation (FDIC) has learned that counterfeit cashier's checks
drawn on Security Bank, Brandon, South Dakota, are in circulation. Copies of two counterfeit
instruments and a copy of the bank's legitimate cashier's check are attached for your
information. The first items received by the bank were negotiated in California.

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On the bank's legitimate checks, the bank's name and logo appear in the top center, and the
bank's three offices are identified immediately underneath. The caption "THIS DOCUMENT
HAS A MICRO-PRINT SIGNATURE LINE, SIMULATED WATERMARK, AND CHLOROSTAIN
PAPER. ABSENCE OF THESE FEATURES WILL INDICATE A COPY" appears below the line
for the amount of the item. The bank uses a check protector to print the amount. A vertical silver
bar is located on the left side of the check.
On the counterfeit checks, the name "Security Servicing Corp" appears in the upper right
corner. Security Bank's Brandon, South Dakota, branch location is the only office listed on the
items. The account number is the same as the bank's cashier's check account number. The
caption "THIS DOCUMENT HAS A COLORED BACKGROUND & MICROPRINTING. THE
REVERSE SIDE OF THIS DOCUMENT HAS AN ARTIFICIAL WATERMARK" is printed in a
dark border across the top of the checks. The counterfeit items appear to have been printed
with a laser printer.
Any information you have concerning this matter should be brought to the attention of:

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Ms. Gina C. Fischer
Compliance Officer
Security Bank
100 N. Phillips Avenue
Sioux Falls, South Dakota 57104-6725
Telephone (605) 338-3310
Fax (605) 373-3195

Information concerning these instruments also may be forwarded to the FDIC's Special
Activities Section, 550 17th Street, NW, Room F-6012, Washington, DC 20429. All FDIC
financial institution letters published since January 1, 1995, may be found on FDIC's Web
site, www.fdic.gov under the "Banking News" category.

James L. Sexton
Director
Attachments: (Electronic versions are not available.)
Distribution: FDIC-Supervised Banks (Commercial and Savings)

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NOTE: Paper copies of FDIC financial institutions letters may be obtained through the FDIC's
Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (800-2766003 or (703) 562-2200).