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Press Releases

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FDIC Releases Second Installment of Technical Assistance Videos

FOR IMMEDIATE RELEASE July 1, 2013

Media Contact: David Barr (202) 898-6992 dbarr@fdic.gov

The Federal Deposit Insurance Corporation (FDIC) today announced the release of the second installment in a series of technical assistance videos to provide useful information to bank directors, officers, and employees on regulatory issues and proposed regulatory changes.

The six videos are a virtual version of the FDIC's Directors' College Program delivered by regional offices throughout the year. The curriculum includes interest rate risk, third-party risk, corporate governance, the Community Reinvestment Act, information technology, and the Bank Secrecy Act.

"As part of our Community Banking Initiative, we committed to provide more technical assistance, addressing a common suggestion we heard from bankers across the country," said Chairman Martin J. Gruenberg. "These videos provide high-level coverage of important topics directly related to the responsibilities of bank directors, officers, and employees."

A third installment of videos to be released over the second half of the year will provide technical training for bank officers and employees. These videos will cover fair lending, appraisals and evaluations, interest rate risk, troubled debt restructurings and the allowance for loan and lease losses, evaluation of municipal securities, and flood insurance coverage. The FDIC will additionally continue to provide overviews and instruction on complex rulemakings in a variety of formats, including videos.

The first installment of six videos was released in early April and was aimed at new bank directors to help prepare them for their important fiduciary role. The FDIC's technical assistance videos and additional information can be accessed at http://www.fdic.gov/resourcecenter.

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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 7,019 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-56-2013