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Financial Institution Letters

February 24, 2015

Interagency Guidance to Encourage Financial Institution Youth Savings Programs and Address Related Frequently Asked Questions

Printable Format:

FIL-11-2015 - PDF (PDF Help)


The Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies), as members of the Financial Literacy and Education Commission (FLEC), together with the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN), are issuing guidance related to youth savings programs. The guidance uses the term "financial institution" or "institution" to refer to all federally insured depository institutions.

Statement of Applicability to Institutions with Total Assets Less Than $1 Billion: This Financial Institution Letter applies to all FDIC-supervised institutions.



Suggested Routing:




FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at

To receive FILs electronically, please visit

Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200).