The Federal Deposit Insurance Corporation (FDIC) announced today that the Advisory Committee on Economic Inclusion (ComE-IN) will meet on December 13, 2012, to discuss the results of the FDIC's survey on the banking industry's efforts to serve the unbanked and underbanked. The biennial survey details the various methods being used by banks to target underserved populations through basic bank account features and activities.
The committee also will discuss household savings trends and initiatives and mobile financial services and how they can be used to address the unbanked and underbanked populations.
The meeting is open to the general public and will be held from 1:30 p.m. to 5:30 p.m. Eastern Time in the Board Room of FDIC headquarters located at 550 17th Street, NW, Washington, D.C. The meeting also will be webcast live. The meeting agenda and link to the webcast can be found at http://fdic.gov/about/comein/2012/2012-12-13_meeting.html.
The Advisory Committee on Economic Inclusion was approved by the FDIC Board of Directors in November 2006 to provide the FDIC with advice and recommendations on important initiatives focused on expanding access to banking services for underserved consumers.
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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 7,181 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-142-2012