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Inactive Financial Institution Letters

Deposit Insurance Seminars
Nationwide Series of Free Seminars for Bank Employees on Deposit Insurance Coverage
FIL-84-2007 (Revised)
September 25, 2007


Summary: The FDIC will host two identical series of telephone seminars for bankers on the FDICís rules for deposit insurance coverage – one series in October and one in November. Each series will consist of four one-hour sessions on these topics: Basic Concepts of Deposit Insurance Coverage, Coverage for Retirement and Employee Benefit Plan Accounts, Trust Account Coverage, and Coverage for Business and Government Accounts. These series are designed to provide bankers who participate in all four sessions with a comprehensive review of the FDICís rules for deposit insurance coverage. These free seminars are open to employees of all FDIC-insured banks and savings associations.

Highlights:
  • The FDIC will conduct two identical series of four telephone seminars on deposit insurance coverage for bankers. The first series will begin on October 16 and end on October 25. The series will be repeated from November 6 through November 15, giving bankers a second opportunity to participate in any or all of the four sessions. All sessions are free.
  • The four sessions in each series will cover: (1) Basic Concepts of Deposit Insurance Coverage, (2) Coverage for Retirement and Employee Benefit Plan Accounts, (3) Trust Account Coverage, and (4) Coverage for Business and Government Accounts.
  • Each session will consist of a 45-minute (approximately) presentation followed by a question and answer period.
  • The seminar series are designed to provide bankers who participate in all four sessions with a comprehensive understanding of FDIC deposit insurance coverage. However, individuals may opt to participate only in specific sessions to meet their own needs and schedules.
  • Advance registration is required for each session. Instructions for registering are provided on page 3.
  • Participants in any or all of the sessions are strongly encouraged to have a copy of the appropriate PowerPoint slides with them to follow during the FDIC staff presentation. Instructions for accessing the PowerPoint presentations are provided on page 4.

Continuation of FIL-84-2007

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:
FDIC Call Center at 1-877-275-3342.

Printable Format:
FIL-84-2007 - 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/2007/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).



Financial Institution Letters
FIL-84-2007 (Revised)
September 25, 2007

Deposit Insurance Seminars for Bankers
Nationwide Series of Free Seminars for Bank Employees on Deposit Insurance Coverage

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.

Session Schedule Dates Offered Time
Session I
1. Basic Concepts of Deposit Insurance Coverage October 16All sessions will begin at 2:00 p.m. Eastern time
2. Retirement and Employee Benefit Plan Account CoverageOctober 18
3. Trust Account CoverageOctober 23
4. Business and Government AccountsOctober 25
Session II
1. Basic Concepts of Deposit Insurance Coverage November 6All sessions will begin at 2:00 p.m. Eastern time
2. Retirement and Employee Benefit Plan Account CoverageNovember 8
3. Trust Account CoverageNovember 13
4. Business and Government AccountsNovember 15

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:

  1. Go to: www.mymeetings.com/rsvp.
  2. Enter the conference identification number for the seminar in which you would like to participate. The conference numbers are shown below:
    Conference Numbers

    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
  3. Enter "Bankers" for the pass code.
  4. Leave the PIN number blank.
  5. Click on the "Proceed" button.
  6. 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.

  Sandra L. Thompson
Director
Division of Supervision and Consumer Protection



Last Updated 03/10/2008 communications@fdic.gov