ALERT 97-15
Type: Suspicious Transactions   Subject: Counterfeit Cashier's
                                         Checks

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); District Administrators; District
     Counsel and Examining Personnel.


     
Information is being received that a substantial number of
counterfeit cashier's checks on Seattle-First National Bank,
Seattle, Washington are in circulation.  The counterfeit
instruments do not have a MICR field nor is the Drawer indicated
accurately.
     
Any information which you may have concerning this matter should
be brought to the 
attention of: 

                    SeaFirst Bank
                    Loss Prevention
                    800 5th Avenue, Floor 10
                    Seattle, WA  98124
                    Fax (206) 356-0194


                    Office of the Comptroller of the Currency
                    Enforcement & Compliance Division
                    250 E Street, SW
                    Washington, DC  202l9
                    Fax (202) 874-5301




                                      
     Daniel P. Stipano
     Director
     Enforcement & Compliance Division  
     Date: June 30, 1997