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How to "Get a Good Night's Sleep" with FDIC Insurance: Answers to Common Questions
Other Topics in the Latest FDIC Consumer News Include Fixing a "Frozen" Home Equity Line, Avoiding Phone and Fax Fraud, and "Going Green" When Saving and Borrowing Money
For consumers who have wondered about the health of their banking institution, if their deposits are fully protected, or what happens if a bank fails, the latest FDIC Consumer News provides answers to common questions and other useful information so people can rest assured that their money is safe in an FDIC-insured account. Other articles in the Summer 2008 issue of the agency's quarterly consumer newsletter explain what to do if a home equity line of credit has been reduced or frozen, how to avoid phone and fax fraud, and options for saving the environment as bank customers save and borrow money.
The main feature is a collection of articles about how to "get a good night's sleep" with FDIC insurance. It also includes an "FDIC-Insured Depositor's Bill of Rights" that spells out the agency's promise to bank customers, plus information about a new advertising and education campaign to raise awareness about deposit insurance coverage limits. Among the key points for consumers to remember:
The Summer issue can be read or printed at www.fdic.gov/consumers/consumer/news/cnsum08. To order up to two free copies, use the online form on that same Web page or call the Federal Citizen Information Center toll-free at 1-888-8- PUEBLO (1-888-878-3256) weekdays from 8:00 a.m. to 8:00 p.m. Eastern Time and ask for Department 87.
The goal of FDIC Consumer News is to deliver timely, reliable and innovative tips and information about financial matters, free of charge. Current and past issues of FDIC Consumer News, including previously published special editions, are online at www.fdic.gov/consumernews.
There also are two ways to subscribe to the quarterly FDIC Consumer News. To receive an e-mail about each new issue with links to stories, go to www.fdic.gov/about/subscriptions/index.html. To receive the newsletter in the mail, free of charge, call the FDIC toll-free at 1-877-275-3342, send an e-mail to email@example.com or write to the FDIC Public Information Center, 3501 North Fairfax Drive, Room E-1002, Arlington, VA 22226.
The FDIC encourages financial institutions, government agencies, consumer organizations, educators, the media and anyone else to help make the tips and information in FDIC Consumer News widely available. The publication may be reprinted in whole or in part without advance permission. Organizations also may link to or mention the FDIC Web site.
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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 8,494 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-68-2008
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