Highlights:
Due to operational issues resulting from Hurricane Katrina, certain Social
Security Administration offices are issuing handwritten, typewritten, and
laser Social Security checks.
Banks in the impacted areas and surrounding states may see these items
presented for payment as recipients pick up their checks and take them to
their temporary locations for processing.
The FDIC is encouraging banks to assist those impacted by Hurricane Katrina
by honoring – after reasonable verifications – handwritten,
typewritten, and laser Social Security checks issued by Louisiana,
Mississippi, and Alabama Social Security Offices.
FDIC officials have been in contact with Social Security Administration
officials, who indicated that they were not aware of any fraud problems
relating to third-party drafts in previous weather-related disasters.
Distribution:
FDIC-Supervised Banks (Commercial and Savings)
Suggested Routing:
Chief Executive Officer
Compliance Officer
Related Topics:
Deposits
Attachment:
None
Contact:
Assistant
Regional Director Gale Simons-Poole at gsimons-poole@fdic.gov or
678-916-2200 (Alabama and Florida)
Assistant
Regional Director Cheryl Couch at ccouch@fdic.gov or (972) 761-2070
(Louisiana)
Assistant
Regional Director Patricia Lenfert at plenfert@fdic.gov or (901)
821-5203 (Mississippi)
FDIC Call Center 1-877-ASK-FDIC (1-877-275-3342)
Note:
FDIC
financial institution letters (FILs) may be accessed from the FDIC's Web
site at www.fdic.gov/news/news/financial/2005/index.html..
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC FILs may be obtained through the FDIC's Public
Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434
(1-877-275-3342 or (703) 562-2200).
