The Federal Deposit Insurance Corp. on Friday urged banks to report incidents of identity theft to the proper authorities and help victims restore their financial integrity.

In a letter to chief executives Supervision Director James L. Sexton said banks should "immediately" file a suspicious activity report and notify the FDIC and the Federal Trade Commission when someone steals, or attempts to steal, a customer's personal information for criminal purposes. Law enforcement authorities and state agencies that protect consumers should also be notified. -- Dean Anason

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