ALERT 99-2
Type: Suspicious Transactions
Subject: Counterfeit Cashier's Checks
Date: February 24, 1999

TO:  Chief Executive Officers of all National Banks; all State
     Banking Authorities; Chairman, Board of Governors of the
     Federal Reserve System; Chairman, Federal Deposit Insurance
     Corporation; Conference of State Bank Supervisors; Deputy
     Comptrollers (Districts); Assistant Deputy Comptrollers;
     District Counsel and Examining Personnel.

RE:  Counterfeit Cashier's Checks

     Information has been received that counterfeit cashier's
     checks drawn on City Bank, Honolulu, Hawaii, are in
     circulation.  A copy of a counterfeit instrument is
     attached.  Please note that the counterfeit checks: are in
     the number range of 1988## to 1997##; the check number is
     printed in black; the "VOID" security feature does not
     appear when copied;  and the background color is light
     brown.  To date, counterfeit items have been presented for
     payment in California, Nevada, and the Kingdom of Tonga.

     The bank has requested that Darrin Lum, Security Officer, be
     contacted about this matter (telephone 808-535-2911, fax
     808-535-2887).  Any information which you may have
     concerning this matter should also be brought to the
     attention of:

                    Office of the Comptroller of the Currency
                    Enforcement & Compliance Division
                    250 E Street, SW
                    Washington, DC   20219
                    Fax (202) 874-5301
     

     _________________________
     Daniel P. Stipano
     Director
     Enforcement & Compliance Division

     Attachment