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April 19, 2023

Counterfeit U.S. Savings Bonds Reported in Nebraska

Multiple Nebraska financial institutions have reported instances of individuals attempting to cash counterfeit U.S. Savings Bonds. The U.S. Secret Service urges bankers to carefully examine all bonds presented at their bank.

The counterfeit bonds differ from authentic bonds in several ways but may be difficult to identify for those unfamiliar with savings bonds. An out-of-state bank that recently experienced a loss due to counterfeit bonds shared the following characteristics to be aware of. The bonds are Series EE Bonds with $5,000 and $10,000 denominations and have duplicate bond numbers with different issue dates. A notable difference includes a black border around the bond's outer edge and denomination, which bleeds blue or green due to being printed on an inkjet printer, and a pale yellow or pale peach background color, which differs from the rich peach color of authentic bonds. The counterfeit bonds feel rough and textured, with visible ink and grain, while authentic bonds are completely smooth with no texture. The U.S. Treasury seal on counterfeit bonds is blurry with unclear emblem lines, and the microprinting in the SSN box border that says USBONDS is blurry with incorrect spacing.

To prevent losses due to counterfeit or previously cashed bonds, bank may choose to decline cashing savings bonds or limit the amount they will cash for a customer in a single transaction. The U.S. Secret Service recommends cashing bonds only for established customers. For more information, see the U.S. Treasury Department's Guide to Cashing U.S. Savings Bonds.

If you come across a counterfeit savings bond at your ban, please contact the U.S. Secret Service in Omaha at [email protected] or 402-474-1555.

Time's Almost Up! Are You Registered for the NBA Annual Convention?

NBA’s 133rd Celebration

The NBA Annual Convention is May 3-5 at the Embassy Suites in La Vista. View the agenda, speaker lineup and registration form here.

Register by Monday, April 24, to take advantage of early bird rates. Check the list of registrants to make sure your name is included. For more information, contact the NBA Education Center at [email protected] or 402-474-1555.


Special Thanks

Thank you to all of the sponsors and exhibitors for making our Convention possible – our Trade Show is full! Please take time to visit the trade show throughout the event.

Get Ready to Bid and Win

Bidding for the NBA BankPAC Online Auction opens on April 28. Check out the available items on this year's auction and register to bid. Also, be sure to purchase raffle tickets to win a Traeger grill! Raffle tickets begin at $25, and proceeds from the raffle and auction will benefit the NBA State BankPAC.

Register for the Auction

Purchase Raffle Tickets

For more information, contact Jennifer Heaton at the NBA at [email protected] or 402-474-1555.

Governor Pillen Proclaims April as Financial Awareness Month

Gov. Jim Pillen has declared April as Financial Awareness Month in Nebraska. The proclamation signing was attended by NBA Chair-Elect Lydell Woodbury from First Nebraska Bank (Valley) and 2023-2024 NBA Chair-Elect Nominee Brad Koehn from Midwest Bank (Norfolk/Lincoln). One of the highlights of the event was the presence of student tellers representing in-school savings banks sponsored by seven NBA members.

Legislative, Policy & Regulatory Updates

Legislative Update

April 14, 2023

Stay up to date by subscribing to the NBA Legislative Update. Sent every Friday during the legislative session, the newsletter recaps the week in the Nebraska Unicameral and issues affecting the banking industry.


Compliance Update - April 14, 2023

FDIC: Deposit Insurance Fund Could Be Restored by 2024

The Federal Deposit Insurance Corporation (FDIC) says the Deposit Insurance Fund (DIF) could be replenished as early as 2024 under a restoration plan adopted by the agency last year, but a special assessment is required to recover losses resulting from the recent bank closures. The FDIC will propose a special assessment in May, which could be tailored to apply to institutions that benefited the most from the systemic risk determination.

Learn More

Upcoming Events

To see the complete event schedule, visit the NBA Event Calendar.

Graduate Schools of Banking Opportunities 

Enrollment is full for the Graduate School of Banking at Colorado’s next session, July 16-28, 2023, in Boulder, CO. A waitlist will apply for first-year enrollments. Candidates who wish to attend the 2023 session should apply and pay the $300 processing fee ASAP to join. Enrollment will be granted upon availability through May 19, 2023; if enrollment is not obtained, waitlisted candidates will receive priority enrollment in the 2024 session.

Learn More and Apply

Don't miss the enrollment deadlines for the Graduate School of Banking-Wisconsin (GSB-Wisconsin) and the NBA’s co-sponsored schools: Financial Managers and Sales and Marketing. View next year’s full schedule here.

Banks & Bankers

April 12 - 18

Email your news, press releases, photos and/or newspaper articles to be published in Banks & Bankers. Send content to [email protected].

Review & Compliance Alliance

Review Alliance

Did you know that dollar amounts under Regulation CC are adjusted based on inflation?

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Compliance Alliance

Q: What is the required charge off date on past due unsecured loans?

Learn the Answer

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