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Money Smart Press Releases


MS-14-2003 (8-26-2003)
Media Contacts:
Rosemary George (202) 898-6530

The Federal Deposit Insurance Corporation (FDIC) today signed an agreement with Blacks in Government (BIG), making BIG the newest member of the Money Smart Alliance Program. The agreement was signed at BIG's annual national training conference in Denver, CO.

BIG is a non-profit, non-partisan, professional development association that represents more than 2.5 million African-Americans employed in federal, state, and local governments. As a Money Smart Alliance Partner, BIG will encourage its more than three hundred local chapters to adopt the Money Smart financial education curriculum, with the FDIC offering train-the-trainer sessions and participation in model sites nationwide.

"BIG's goal of promoting equality and opportunity for all Americans, as well as their commitment to excellence in public service, make me proud to welcome them as partners in the Money Smart Alliance Program," said FDIC Chairman Don Powell.

The FDIC developed the Money Smart program to help individuals enhance their money management skills, understand basic financial services and build their financial confidence to use banking services effectively. Since the introduction of the FDIC's Money Smart Program in English in July 2001, more than 100,000 people have completed the course nationwide. Nationwide, the FDIC has distributed more than 66,000 copies of Money Smart to 21,000 financial institutions, faith-based organizations, city and community colleges, and federal government partners.

Money Smart is made up of 10 comprehensive, instructor-led modules covering basic financial topics, including an introduction to bank services, tips on obtaining credit and information on buying a home. The curriculum can be used in its entirety or in part, using selected modules to complement other existing financial programs. Money Smart is available from the FDIC in English, Spanish, Chinese and Korean and is free of charge to the user. To encourage wide dissemination, the curriculum is designed to be easily reproduced and has no copyright restrictions.

Any organization interested in financial education can use Money Smart. For information and instructions on how to obtain copies of the curriculum, click on the FDIC Money Smart link at, or send an e-mail to

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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 9,314 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars - insured financial institutions fund its operations.

FDIC press releases and other information are available on the Internet via the World Wide Web at and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 202-416-6940).

Last Updated 8/26/2003

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