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Deposit Insurance Coverage Seminars

May 19, 2017 / Source: FDIC

Financial Institution Letters

FIL-18-2017
May 18, 2017

Deposit Insurance Coverage Seminars
Free Nationwide Seminars for Bank Officers and Employees
Printable Format:

FIL-18-2017 - PDF (PDF Help)

Summary:

The FDIC will conduct four identical live seminars on FDIC deposit insurance coverage for bank employees and bank officers between June 6, 2017, and December 4, 2017. In addition to a comprehensive overview of FDIC deposit insurance rules, the seminars now include deposit insurance coverage information for Prepaid Cards, Health Savings Accounts, 529 plan accounts and 529 Achieving a Better Life Experience (ABLE) plan accounts. The seminar presentation provides an overview of some of the most popular deposit insurance resources such as: (a) the FDIC's Electronic Deposit Insurance Estimator (EDIE), which is an interactive tool used to calculate deposit insurance coverage, (b) the FDIC's BankFind Directory that allows users to confirm if a bank is FDIC-insured, and (c) the FDIC's Financial Institution Employee's Guide to Deposit Insurance, which was developed to assist bankers to provide detailed information about deposit insurance coverage to their depositors.

In addition, the FDIC has developed three separate Deposit Insurance Coverage Seminars for bank officers and employees that are available on the FDIC's YouTube channel. Both the live and the YouTube deposit insurance coverage seminars will provide bank employees with an understanding of how to calculate deposit insurance coverage. The live seminars each provide a comprehensive overview of FDIC deposit insurance. The three YouTube seminars cover: Fundamentals of Deposit Insurance Coverage; Deposit Insurance Coverage for Revocable Trust Accounts; and Advanced Topics in Deposit Insurance Coverage.

Statement of Applicability to Institutions Under $1 Billion in Total Assets: This Financial Institution Letter applies to all FDIC-supervised institutions.

Highlights:

  • Live seminars on deposit insurance rules for bank officers and bank employees will be conducted via Cisco WebEx conferencing software between June 6, 2017, and December 4, 2017. Each identical live seminar will last approximately 100 minutes and include a question-and-answer session with FDIC subject matter experts.
  • The live seminars are free, but advance registration is required. See the attachment for registration instructions, including the specific dates and registration deadlines.
  • Each of the live seminars will link to a slide presentation, and participants are strongly encouraged to have a copy of the PowerPoint slides during the audio presentation. See the attachment for accessing the slide presentation.
  • Three self-study seminars on other deposit insurance issues also are available on FDIC's YouTube Channel. The topics include: (1) Fundamentals of Deposit Insurance Coverage; (2) Revocable Trust; and (3) Advanced Topics. See the attachment for instructions to access the YouTube seminars.

Continuation of FIL-18-2017

Distribution:

FDIC-Insured Institutions

Suggested Routing:

Chief Executive Officer
Head of Deposit Insurance and Branch Operations
Chief Compliance Officer
Training Officer
Branch Managers

Related Topics:

FDIC Deposit Insurance Regulations 12 C.F.R. Part 330

Attachment:

Deposit Insurance Coverage: Free Nationwide Seminars for Bank Officers and Employees

Contact:

FDIC Call Center at 1-877-275-3342 Vonda Bailey, Senior Consumer Affairs Specialist, at Vbailey@FDIC.gov or (202) 898-7219

Note:

FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's website at https://www.fdic.gov/news/news/financial/2017/.

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

Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E- 1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200)