Suspicious Activity Reports filed by Depository Institutions

A search of the financial database for the period of April 1, 1996 through March 31, 2007 revealed 14,670 depository institution SARs filed with the specific search terms included in the narrative. Of those SARs, 11,245 listed convenience check(s); 3,163 listed credit card check(s); and 262 listed courtesy check(s). Exhibit 2 illustrates the activity by year.



Monetary Value Involved: The total dollar amount reported by depository institutions in the suspicious activity for the review period was $1,153,551,294. One single filer reported an activity amount of $150 million.3 Over 33% of the reports fell into the range between $5,000 and $9,999. Exhibit 3 illustrates the activity by dollar amounts.



3 The SAR narrative described two credit card checks, each written in the amount of $75 million and dropped in a financial institution?s after-hours depository.

Excerpted from SAR Activity Review Issue 12, page 7