Financial Institution Letters Certificate of Deposit Insurance
April 26, 2004
CHIEF EXECUTIVE OFFICER
New Practice on Providing Certificates of Deposit Insurance for Display
Beginning June 1, 2004, the FDIC will no longer automatically provide original
certificates of deposit insurance for display at an insured institutions offices. Instead, the FDIC will provide only one original certificate to an institution when it is granted insurance.
Beginning June 1, 2004, the Federal Deposit Insurance Corporation (FDIC) will no longer automatically provide for display original certificates of deposit insurance for each office of each insured institution bearing the institutions name, location, and certificate number. The FDIC will provide only one original certificate to an institution when the institution is granted insurance. This certificate is for display at the institutions main office location and will be replaced if the institutions name or main office location changes.
Generic certificates will be provided for display in an institutions branch offices (see attached). Institutions that wish to display the generic certificates in their branch offices should submit written requests for the appropriate number of certificates. Requests should be addressed to the Executive Secretary Section, Legal Division, 550 17th Street, N.W., Washington, D.C. 20429. The generic certificates will be directed to the institutions main office location.
Please note that certificates of insurance are not required by the FDICs rules, and displaying the certificates is optional.
NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDICs Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).