The FDIC is offering two identical series of four telephone seminars for bankers on the FDIC's rules for deposit insurance coverage. The series are designed to provide bankers who participate in all four sessions with a comprehensive review of the FDIC's rules for deposit insurance coverage. These free seminars are open to employees of all FDIC-insured banks and savings associations.
The seminar series consist of four one-hour sessions on:
Basic Concepts of Deposit Insurance Coverage,
Coverage for Retirement and Employee Benefit Plan Accounts,
Trust Account Coverage, and
Coverage for Business and Government Accounts.
Basic Concepts of Deposit Insurance Coverage
This session will review how deposit ownership affects available coverage. It will describe the ownership requirements for the various categories of deposit insurance coverage, including a detailed review of coverage for the single account and joint account categories. While it is not necessary to view the seminars in any particular order, starting with this session will ensure that the participant has a strong foundation in the basic concepts for determining coverage for all account ownership categories.
Retirement and Employee Benefit Plan Accounts
This session will focus on the FDIC's rules for insurance coverage of retirement and employee benefit plan accounts. It will discuss how to determine whether a customer's retirement account qualifies for coverage under the "certain retirement accounts" category (which receives up to $250,000 in coverage per owner) or under the employee benefit plan account category.
Trust Account Coverage
This session will discuss the requirements for insurance coverage of revocable and irrevocable trust deposits. The presentation will explain the differences between formal and informal revocable trusts, and how the FDIC's insurance rules can differ depending on the type of revocable trust involved. It will also illustrate how revocable trust coverage is calculated, and analyze the relationship between formal and informal revocable trusts. Specific examples will be presented.
Business and Government Accounts
This session will focus on the requirements for FDIC coverage of business accounts (corporation, partnership and unincorporated association accounts) and government (public unit) accounts. The presentation will include a discussion of official custodians and coverage available for separate political units.
Individuals who participate in all four sessions will receive a comprehensive review of the FDIC's rules for deposit insurance coverage. However, participants may prefer to view specific sessions only, based on their own needs and schedules.
|October 16||All sessions will begin at 2:00 p.m. Eastern time
|November 6||All sessions will begin at 2:00 p.m. Eastern time
How to Register for Seminar Sessions
To participate in a session, you must register for the session at least three business days before the event using the following procedures:
Go to: www.mymeetings.com/rsvp.
Enter the conference identification number for the seminar in which you would like to participate.
The conference numbers are shown below:
5051249 - Basic Concepts of Deposit Insurance Coverage – October 16
5051274 - Retirement and Employee Benefit Plan Account Coverage – October 18
5051276 - Trust Account Coverage – October 23
5051277 - Business and Government Account Coverage – October 25
5051298 - Basic Concepts of Deposit Insurance Coverage – November 6
5051304 - Retirement and Employee Benefit Plan Account Coverage – November 8
5051308 - Trust Account Coverage – November 13
5051313 - Business and Government Account Coverage – November 15
Enter "Bankers" for the pass code.
Leave the PIN number blank.
Click on the "Proceed" button.
On the next page provide your name and email address and click the "Submit" button.
Accessing the PowerPoint Slide Presentation
The PowerPoint slide presentations that accompany each seminar are now available on the FDIC's Web site. Participants are strongly encouraged to have a copy of the PowerPoint slides with them to follow along during the FDIC staff presentation. To obtain a copy of a presentation, go to the appropriate link:
We look forward to your institution's participation in the telephone seminars. This is a great opportunity to receive training from FDIC experts about federal deposit insurance coverage.
If you have any questions about the seminar series, including registration procedures or problems accessing the PowerPoint slides, please call the FDIC Call Center at 1-877-275-3342.