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Each depositor insured to at least $250,000 per insured bank

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Money Smart News - Summer 2006

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Since Money Smart was launched in 2001, the FDIC has distributed more than 323,000 copies (paper and CD-ROM versions) of Money Smart to financial institutions, community groups and agencies across the country for use in classroom instruction. In addition, the FDIC has provided nearly 500 free training classes to approximately 10,700 instructors. About 495,000 people have taken Money Smart classes and 95,000 new banking relationships have been established by Money Smart students. A computer-based instruction (CBI) version of Money Smart for self-paced learning was launched on September 15, 2004, and, thus far, nearly 96,000 CBI curricula have been issued.

The FDIC has also set up the Money Smart Alliance program for organizations that want to sign an agreement with the FDIC to promote Money Smart throughout their constituency. In many cases, these organizations have operations in a number of states or nationwide. Since the Money Smart Alliance Program was announced in June 2002, the number of national Alliance Partners has grown to 33 and the number of local Alliance Partners has climbed to more than 1,278.

All our partners are helping us meet our shared goal of helping low- and moderate-income Americans become "Money Smart" so they can establish healthy banking relationships, begin building assets, and secure a better future for themselves and their families.

We want to hear from you! Please share your stories.

Last Updated 07/18/2006

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