The security constrained distributed optimal power flow (DOPF) of interconnected power systems is presented. The centralized OPF problem of the multi-area power systems is decomposed into independent DOPF subproblems, one for each area. The dynamic security region (DSR) to guarantee the transient stability constraints and static voltage stability region (SVSR) constraints, and line current limits are included as constraints. The solutions to the DOPF subproblems of the different areas are coordinated through a pricing mechanism until they converge to the centralized OPF solution. The nonlinear DOPF subproblem is solved by predictor-corrector interior point method (PCIPM). The IEEE three-area RTS-96 system is worked out in order to demonstrate the effectiveness of the proposed method.