STEP 1- Type your text. Put a selection around your text.
STEP 2- Go under the select menu and choose save selection Click OK.
STEP 3- Go to the channels palette click on Alpha 1. Go under the filter menu, under blur, and choose gaussian blur. Enter 1 pixel.
STEP 4- Return to the layers palette and click once on the background layer. Go under the filter menu under render and choose lighting effects. Under the texture channel option choose Alpha 1 . Click OK.
STEP 5- Go under the image menu under adjustments then to curves. Create a curve input 64 output 186. Then Click OK.
STEP 6- Go under the select menu and choose load selection choose Alpha I from the channel pop up menu . Click OK. Go under the select menu, under modify and choose expand enter 3 pixels. Click OK.
STEP 7- Press Shift , Apple + J . Click on the background layer press Apple A, then press delete, deselect . Click on your text layer choose drop shadow from the layer styles. Click OK.
STEP 8- Choose color overlay from the layer styles. Change the blend mode to overlay then click on the colo swatch and use the following:
R=208, G=165, B=16. Click Ok