FDIC Announces Nationwide Seminars for Bank Officers and Employees

Agency Rule-Making & Guidance FDIC

On May 18, the FDIC issued FIL-18-2017 announcing that, between June 6, 2017 and December 4, 2017, it will conduct four identical live seminars regarding FDIC deposit insurance coverage for bank employees and bank officers. The seminars will include an overview of popular topics such as (i) the Electronic Deposit Insurance Estimator—an interactive tool used to calculate deposit insurance coverage; (ii) the BankFind Directory, which allows users to confirm if a bank is FDIC-insured; and (iii) the Financial Institution Employee’s Guide to Deposit Insurance developed to help bankers provide detailed information about deposit insurance coverage to their depositors. In addition to the live seminars, the FDIC posted to its YouTube channel three separate seminars, entitled (i) Fundamentals of Deposit Insurance Coverage; (ii) Deposit Insurance Coverage for Revocable Trust Accounts; and (iii) Advanced Topics in Deposit Insurance Coverage. Both the live seminars and the YouTube seminars will provide bank employees and officers with an understanding of how to calculate deposit insurance coverage. Bankers interested in attending the seminars should visit the FDIC’s website.