Inactive Financial Institution Letters

FDIC Announces Upcoming Community Affairs Webinar

Savings Strategies During America Saves Week 2016

Summary:

The FDIC's Division of Depositor and Consumer Protection (DCP) Community Affairs Branch will host a webinar titled Help Encourage Individuals and Families to Save on February 3, 2016, from 3:00 p.m. to 4:00 p.m. (EST). The webinar will highlight strategies and approaches for institutions to consider that encourage savings in conjunction with America Saves Week. This webinar is one in a series of webinars highlighting strategies institutions can use to promote community development and expand access to the banking system.

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

Highlights:

• America Saves Week 2016 is February 22 through 27, 2016, and the theme is "Set a Goal, Make a Plan, Save Automatically."
• During the upcoming webinar, representatives from America Saves and several financial institutions will join FDIC staff in exploring opportunities to participate in America Saves Week 2016. We will discuss the benefits and lessons learned from participating in a local America Saves initiative, and ways to enhance existing customer relationships through promoting savings.
• The webinar will be held on Wednesday, February 3, 2016, from 3:00 p.m. to 4:00 p.m. (EST). The session is free, but registration is required. To participate, institutions must register here by February 1.
• Each institution is responsible for assessing whether the ideas and information presented during the webinar are appropriate for the institution to pursue, given factors such as the institution's business focus, existing economic inclusion/community development strategies, financial condition, and market.