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Financial Institution Letters


ELECTRONIC DEPOSIT INSURANCE ESTIMATOR

FIL-147-2002
December 30, 2002

TO: CHIEF EXECUTIVE OFFICER (also of interest to Compliance Officers and Branch Operations Officers)
SUBJECT: New Version of EDIE -- the Electronic Deposit Insurance Estimator -- for Use by Financial Institution Employees
Summary: The FDIC is releasing a new, CD-ROM version of its interactive insurance calculator to help bankers provide accurate information to customers.

The Federal Deposit Insurance Corporation is pleased to announce the release of a new version of its Electronic Deposit Insurance Estimator (EDIE) designed exclusively for use by financial institution personnel. The banker version of EDIE was developed in response to comments and suggestions from bankers who are frequent users of the Internet version released in 1998 for depositors. Like the Internet version for consumers (located at http://www2.fdic.gov/edie), the banker version can be used to calculate deposit insurance coverage for single ownership, joint ownership, testamentary (or POD/ITF/ATF) and IRA accounts. However, the banker version allows users to enter depositor account information much more quickly than the Internet version, and it is available in CD-ROM, so it does not require a connection to the Internet to operate. The banker version also provides a printable report that financial institution staff can share with bank customers.

The FDIC encourages all FDIC-insured financial institutions to take advantage of this new tool to help bank staff provide accurate information about insurance coverage to customers.

To order your free copy of the EDIE banker version CD-ROM online, go to http://www2.fdic.gov/esaedieregister on the FDIC's Web site.

To order the CD-ROM by mail or fax, complete the attached order form and send it to:

FDIC - Public Information Center
801 17th Street, NW
Room 100
Washington, DC 20434
Fax: (202) 416-2111
There is a limit of five CDs per order. Questions about ordering the new version of EDIE can be directed to the FDIC's Public Information Center at 1-877-275-3342 (press 1 for English and 5 for the Public Information Center).

For your reference, FDIC Financial Institution Letters may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2002/index.html.

Michael J. Zamorski
Director

Attachment (not available electronically)

Distribution: All FDIC-Insured Institutions and Insured U.S. Branches of Foreign Banks

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (877-275-3342 or (703) 562-2200).

Last Updated 12/30/2002 communications@fdic.gov