Changes Have Been Made to Deposit Insurance Coverage - What are They?
The FDIC and its insured members share responsibility
for promoting public confidence in our nation's
banking system. For over sixty-six years, the FDIC
has worked to ensure your customers can trust that
their deposits are protected up to the insurance limit.
However, both consumers and financial institutions
frequently misunderstand deposit insurance regulations.
That confusion can create losses for depositors
if their insured institution fails and they mistakenly
believed their funds were within the insurance limits.
As the first source of information about FDIC insurance,
you have a duty to ensure that employees,
who advise depositors, understand the insurance
rules well enough that they can explain the requirements
To assist our insured members in their training
efforts on the new deposit insurance regulations,
the FDIC will be conducting 24 seminars in 12
cities nationwide from April through June 2000.
These seminars will be half day sessions that your
staff can attend either during the morning from
8:30 a.m.noon or the afternoon from 1:00 p.m.
4:30 p.m. Registration for these sessions will begin
at 7:30 a.m. and noon, respectively.
The seminars are intended for training officers,
operations and savings officers, and other employees
who are responsible for overseeing the dissemination
of accurate deposit insurance information. FDIC
staff will provide instruction and educational materials
useful in developing in-house insurance training
programs. A segment of the course will be devoted
to uninsured deposit-like products and how to help
your employees and customers distinguish them
from insured deposits.
As a key representative within your financial
institution you will:
Increase your financial institution's knowledge
and understanding of the FDIC's deposit insurance
rules, with emphasis on the more complex
account ownership categories.
Review recent changes in deposit insurance
Examine the differences between insured deposit
instruments and uninsured deposit-like products
offered by insured financial institutions, and
learn how to help your employees and customers
distinguish between them.
Equip your institution with information and
instructional tools needed to train your branch
office employees on the FDIC's deposit insurance
Each participant will be provided with a Deposit
Insurance Guide, which includes a Train the Trainer
Guide to assist in training other financial institution
employees on deposit insurance coverage.
Please send questions regarding course content to: Hugh Eagleton
Federal Deposit Insurance Corporation
(202) 942- 3668
Dates and Locations
Registration begins at 7:30 am
1:00 pm4:30 pm
Registration begins at noon
4 6 11 13 25 26 28
San Francisco, CA
Los Angeles, CA
Kansas City, KS
6 13 15
Newark, NJ Memphis, TN Boston, MA
Fill out a registration form for each attendee
(limited to 5 per financial institution). Use
photocopies if necessary.
Conference dates and hotel locations are
detailed on the following page.
Mail the form below along with a check
for $ 50.00 made payable to:
Travel Wholesalers International
Attention: FDIC Insurance Seminar
3104 Omega Office Park, Suite 101
Fairfax, Virginia 22031
Registrations must be completed and returned
along with payment no later than two weeks
prior to each seminar.
Cancellations must be made no later than
7 business days prior to the date of the seminar.
Upon receipt of the registration form and
confirmation of space availability, candidates
will receive a letter verifying the date, time and
location of the session for which they participate.
Questions regarding seminar registration or
cancellations should be directed to:
Michelle L. Kingham or Alonzo Duncan
Omega World Travel
3104 Omega Office Park, Suite 101
Fairfax, VA 22031
Phone: (703) 359-0200, ext. 449 or 317
Fax: (703) 359-4190