Interagency Guidance on Year 2000-Related Fraud
The Federal Financial Institutions Examination Council (FFIEC)
has issued the attached statement to alert financial institutions to the potential risks
of Year 2000-related fraud. The interagency statement encourages financial institutions to
alert their customers about fraudulent schemes involving the century date change. It also
urges institutions to mitigate their own risks by continuing to follow internal controls
and security procedures, and to enhance them where necessary.
The FFIEC has also prepared an advisory to inform financial institution customers of
potential Year 2000-related fraudulent schemes. The "Year 2000-Related Fraud
Advisory" encourages customers to become informed about fraudulent schemes. It also
offers tips on how customers can protect themselves from becoming fraud victims.
Because the FFIEC-member agencies expect a substantial demand for the advisory,
financial institutions are being provided with the attached camera-ready art so they may
produce their own supplies of the one page (two-sided) advisory.
The advisory may be reprinted in its entirety without permission from the FFIEC or the
FDIC. The advisory also may be customized to fit your institution's needs. However, unless
the advisory text is used in its entirety, without modification, it may not be attributed
to the federal financial institution regulatory agencies. In addition, an institution may
translate the advisory into another language without advance approval from the FDIC, but
copies should be sent to the FDIC's Year 2000 Project Manager, 550 17th Street, NW,
MB-5092, Washington, DC 20429.
Procedures for Obtaining Copies of the Advisory
Copies of the advisory are also available from the FDIC. The advisory may be downloaded
from the FDIC's Web site.
In addition, paper copies of the advisory will be available from the FDIC Warehouse and
the FDIC Public Information Center around July 30, 1999.
FDIC Warehouse: Bulk quantities of the advisory, up to 100 copies per
institution, may be obtained by faxing your request to the FDIC Warehouse at (703)
516-5201. Your request should be written on your institution's letterhead and must include
a contact name, a telephone number, the title of the document ("Year 2000-Related
Fraud Advisory") and the number of copies requested.
Public Information Center: Single copies will also be available from the FDIC's
Public Information Center by writing, faxing or e-mailing your request.
FDIC Public Information Center
801 17th Street, NW, Room 100
Washington, DC 20434
Distribution: FDIC-Supervised Banks (Commercial and Savings)
NOTE: Paper copies of FDIC financial institutions letters may be obtained through the
FDICs Public Information Center, 801 17th Street, NW, Room100,
Washington, DC 20434 (800-276-6003 or (703) 562-2200).