- An amendment to section 18(a) of the Federal Deposit Insurance Act requires that the FDIC promulgate regulations prescribing a sign that each insured depository institution would be required to display where deposits are received. The proposed regulation would replace the separate official bank sign and official savings association sign with one new official FDIC sign to be used by all insured depository institutions.
- The proposed rule
would also extend the advertising requirements in Part 328 to savings
requiring both banks and thrifts to use the official
advertising statement (“Member FDIC”) in advertisements that specifically
promote deposit products and services or generally promote banking services.
- In addition, the FDIC is requesting comment on whether the final rule should include provisions addressing the use of the official advertising statement in advertisements of non-deposit products; and whether the proposed effective date of the final rule would give institutions sufficient time to adjust to the new requirements in the proposed revision of Part 328.
Chief Executive Officer
FDIC Part 328
Advertisement of Membership; Notice of Proposed Rulemaking (71 FR 40440, July 17, 2006)
Policy Analyst Kara Ritchie at firstname.lastname@example.org or (202) 898-3716
- PDF 28k
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2006/index.html.
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