Safety Deposite Box Security????

[BIGJACK]

I received an email this morning advising me that banks around the US had recently been visited by representatives of Homeland Security and advised them that in the case of and emergency only "they" could open safety deposite boxes and only they could decide what could be taken out.

Anyone know anything about the validity of this??

 

[AirForceShooter]

sounds like garbage to me.

AFS

 

[Sungun09]

There is ALOT of information regarding this on the internet, much of which can be classified as "urban myths"

That being said, I wouldn't keep anything in a bank's safety deposit box that I did not want to lose. Read the fine print on your agreement with the bank. That should spur you on to getting a home safe.

regards

 

[pcf]

What banks are open during emergencies? I had a safety deposit box, but getting to it during normal bank hours was a PITA. Generally when I'm off from work so is everyone at the bank.

I'm pretty sure that if there is ever an "emergency" where most people can get off from work and go to the bank to empty their safety deposit boxes, nobody is going to be working at the bank.

There are various things like this on the net......"I was attending bank training, and DHS agents arrived and told us that in the case of emergency they would control what could be removed from safety deposit boxes......they swore us to secrecy......" or something of that nature.

 

[roo_ster]

Snopes sys it is "undetermined."
http://www.snopes.com/politics/business/safedeposit.asp

Of course, it is also "undetermined" that Jimmy Hoffa was abducted by aliens and has been on the receieving end of anal probes for decades.

Difficult to (dis)prove some theory whose very definition includes the inability to confirm.

FWIW, I would expect some sort of authoritarian behavior in case of national emergency, planned or not...legal or not. (Think: Katrina)

 

[antarti]

This has been floating around for about 3-5 months now, if not longer. IIRC, Compass and CitiBank were the ones mentioned first as having their employees "trained" by DHS.

I believe firearms and gold were both on the "of interest" list.... a word to the wise.

 

[Beachmaster]

Like the Telegraph full of Morse Code, the Pony express, and full service gas stations, the Safety Deposit Box had its day, and now its time has passed!

Back in the day, a bank was relativly safe, and there were few affordable home safes avaiable. Now, a FIRE RATED home safe can be BOUGHT for about 1/2 of a years RENT of a similar sized SDB.

Buy a small fire rated safe for your important papers. And, get a safe(s) for your guns, cash, coin collection, valuables, etc While home safes cost a bit up front, you have 24/7 access to them, and don't have to leave your house to get to your stuff.

 

[Lone_Gunman]

I would not be surprised if it is true.

The federal government WANTS to know who has safe deposit boxes.

Why else do you think they will allow you to deduct that expense from your personal income tax?

 

[1 old 0311]

No way. Federal banking laws would have to be changed. That will never happen.

Kevin

 

[BIGJACK]

I have one small "fire proof" box here at the house and I guess I may as well get a larger one, one big enough to hold about 23 guns. Especially since most seem to think that it might be so and snoops don,t no.

I now have an "open" five foot wide gun rack with a pad locked large chain through the trigger guards. I casually looked at some yesterday at Academy, they were resonably priced compared to one that a friend of mine won at a NWTF function.

 

[Wastemore]

May I suggest to those who are in the market for a safe, for this reason or any other.

When you select safe that you think is perfect size, find one that is double the size and buy it instead.. You'll find that after a few years, you'll still be looking for more room.

 

[antarti]

No way. Federal banking laws would have to be changed. That will never happen.

You may want to read a recent Safe Deposit Box contract. There are a number of ways your property can be "inventoried", suspected of holding evidence or gains from a commission of crime is IIRC one way.

Personally, the timing of this seems to make a bit of sense. With Joe Average having little to no savings, the only "run on the banks" is likely to be from those with hard assets that fed & local governments/police would like to have in such a meltdown scenario, or wouldn't be effectively tax-enforced in that scenario.

 

[BIGJACK]

My thinking all along on a safe has been like Wastemores and that is regardless of how big you get it will soon be too small, especially if you are a pack rat as I am. Thats why I have so dam many guns and 23 is not all of them, does not count the 4 in my truck, 1 in my travel bag and 1 the family car.