"According to in-house memos now circulating, the DHS has issued orders to banks across America which announce to them that “under the Patriot Act” the DHS has the absolute right to seize, without any warrant whatsoever, any and all customer bank accounts, to make “periodic and unannounced” visits to any bank to open and inspect the contents of “selected safe deposit boxes."

Read, listen or watch here: dinarvets.com/forums/index.php?/topic/52464-do-not-use-safety-deposit-boxes/#ixzz1CWy8y1SC
The above link no longer works, but this page says it's b.s., anyway, assuming this page can be believed. 🙂

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