The Office of the Comptroller of the Currency has alerted
us that some banks have received instruments entitled "Certified
Collateral Assignment" and "Certified Bank Draft." These
instruments are deemed to be without financial value and
should be viewed with extreme caution. A copy of each instrument
The "Certified Collateral Assignment" instruments indicate
they are drawn by Cornerstone Trust, Int'l., with Neville
D. Coppin and Charles C. Miller listed as trustees.
The "Certified Bank Draft" instruments are purportedly
payable "through Postmaster of the United States of America
on the United States Treasurer for Special Collection and
Payment." The drawers are shown as Financial Independence
Trust, V. Varjabian, trustee, and Linda K. Beatus, trustee.
Please forward any information concerning these instruments
to the FDIC's Special Activities Section, 550 17th Street,
N.W., Room F-612, Washington, D.C. 20429.
Nicholas J. Ketcha Jr.
The attachment to this Financial Institution Letter is
not currently available in electronic format. Until it is
in a form that will allow us to post it to the internet,
you may obtain hard copy or fax from:
Public Information Center
801 17th St. NW
Washington, DC 20434
ph: (703) 562-2200
Distribution: FDIC-Supervised Banks (Commercial and