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Inactive Financial Institution Letters

Electronic Deposit Insurance Estimator (EDIE)

FIL-100-2004
August 31, 2004


TO: CHIEF EXECUTIVE OFFICER (also of interest to Compliance Officers, Branch Operations Officers, Training Officers)
SUBJECT: Electronic Deposit Insurance Estimator -- Banker Version 2.0 -- Now Available
Summary: The FDIC is releasing a new, updated version of its interactive deposit insurance calculator to help bankers provide accurate information about deposit insurance coverage to customers.

The Federal Deposit Insurance Corporation is pleased to announce the release of an updated version of its Electronic Deposit Insurance Estimator designed to help financial institution personnel provide accurate information about deposit insurance coverage to customers. EDIE Banker Version 2.0 (EDIE--BV 2.0) was developed in response to comments and suggestions from bankers who are frequent users of the original EDIE for bankers released in December 2002. EDIE--BV 2.0 also incorporates the recent changes to the living trust regulations and allows calculations for most living trust accounts. In addition, the updated version can be used to calculate insurance coverage for accounts held by businesses and organizations.

EDIE--BV 2.0 is available via download from the FDIC Web site and does not require a connection to the Internet to operate. Once loaded onto a bank's intranet, EDIE can be used simultaneously by multiple users throughout the organization. EDIE--BV 2.0 also is available via CD-ROM for institutions that do not have access to the Internet.

The FDIC encourages all FDIC-insured financial institutions to take advantage of this new tool. As with previous editions, this software is available free of charge.

To download the new EDIE--BV 2.0 or order it on CD-ROM, go to http://www.fdic.gov/deposit/deposits/ediebanker/index.html on the FDIC's Web site. Downloading instructions are included as part of the download ordering form.

CD-ROM orders will take approximately four to six weeks to arrive. There is a limit of five CDs per order. However, the CDs may be copied by institutions for their own use.

If you do not have access to the Internet, you may order the EDIE--BV 2.0 CD-ROM by mail or fax. Complete the order form attached to the hardcopy version of this letter and send it to:

FDIC Public Information Center
801 17th Street, NW
Room 100
Washington, DC 20434
Fax: (202) 416-2111
Questions about ordering the new version of EDIE can be directed to the FDIC's Call Center toll-free at 1-877-275-3342. The phone line is staffed Monday through Friday, 8:00 a.m. to 8:00 p.m., Eastern Time.

For your reference, FDIC Financial Institution Letters may be accessed from the FDIC's Web site at http://www.fdic.gov/news/news/financial/2004/index.html. To learn how to automatically receive FDIC Financial Institution Letters through e-mail, please visit http://www.fdic.gov/about/subscriptions/index.html.

Michael J. Zamorski
Director
Division of Supervision and Consumer Protection

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Attachment (not available electronically)

Distribution: FDIC-Insured Institutions

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).




Last Updated 12/29/2010 communications@fdic.gov