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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

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FDIC Advisory Committee will meet to Discuss Unbanked/Underbanked Survey

FOR IMMEDIATE RELEASE
October 18, 2018
Media contact:
LaJuan Williams-Young
(202) 898-3876
lwilliams-young@fdic.gov

The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Wednesday, October 24, to discuss the results of the latest FDIC National Survey of Unbanked and Underbanked Households.  

Other topics for discussion by the Advisory Committee include discussions on research related to the effectiveness of mobile text notifications by the U.K. – Financial Conduct Authority and discussions about introducing young people to the financial mainstream through youth employment programs and deposit accounts. 

The meeting will be open to the general public and will be held from 9 a.m. to 3:45 p.m. in the FDIC’s Board Room, 6th Floor, 550 17th Street, N.W., Washington, D.C.  Security screening and presentation of valid photo identification are required to enter the building.  The meeting also will be webcast live.  The meeting agenda and a link to the webcast can be found at https://www.fdic.gov/about/comein/2018/2018-10-24-agenda.html.

The advisory committee was established 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 populations.  For more information about the committee and its initiatives, visit http://economicinclusion.gov/ or http://www.fdic.gov/about/comein/.

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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 banks and savings associations, 5,542 as of June 30, 2018. 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-76-2018

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