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Inactive Financial Institution Letters

Deposit Insurance Coverage
Portfolio of Deposit Insurance Coverage Resources for Bankers
FIL-47-2008
June 16, 2008


Summary: To commemorate its 75th anniversary, the FDIC is mailing to each FDIC-insured institution a Portfolio of Deposit Insurance Coverage Resources for Bankers - a compilation of the FDIC's latest deposit insurance educational tools. With the resources provided in the Portfolio, the FDIC is asking banks to raise awareness about deposit insurance coverage among their employees and customers.

Highlights:

  • The FDIC provides insured depository institutions and their customers educational tools to help them understand the rules for determining the amount of insurance coverage on deposit accounts.
  • The FDIC's deposit insurance coverage resources are designed to meet a variety of bank needs, including basic customer information, employee training and "just-in-time" job aids that can be used at the retail level.
  • The FDIC has updated its educational tools to reflect the increase in deposit insurance coverage for certain retirement accounts and other coverage changes resulting from passage of the Federal Deposit Insurance Reform Act of 2005, which took effect on October 12, 2006.
  • The FDIC offers its deposit insurance coverage resources to insured institutions at no charge.
  • Several products are available with multiple language options.
  • To commemorate its 75th anniversary, the FDIC has provided each insured institution with a Portfolio of Deposit Insurance Coverage Resources for Bankers.
  • With the tools provided in the Portfolio, the FDIC is asking banks to raise awareness about deposit insurance coverage among their employees and customers.
  • To view the list of available resources on deposit insurance coverage, visit the FDIC's Web site at http://www.fdic.gov/deposit/deposits.

Distribution:
All FDIC-Insured Institutions

Suggested Routing:
Chief Executive Officer
Head of Deposit and Branch Operations
Compliance Officer
Training Officer

Related Topics:
FDIC Deposit Insurance Regulations
12 C.F.R. 330

Contact:
Kathy Nagle at 1-202-898-6541

Printable Format:
FIL-47-2008 - PDF (PDF Help)

Note:
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at http://www.fdic.gov/news/news/financial/2008/index.html

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center (1-877-275-3342 or 703-562- 2200).




Last Updated 6/16/2008 communications@fdic.gov