FIL-17-2014
April 18, 2014
Deposit Insurance Coverage
Free Nationwide Seminars for Bank Officers and Employees
Printable Format:
Summary:
The FDIC will conduct the following 12 free seminars on deposit insurance coverage for bank officers and employees between May 6, 2014, and December 4, 2014:
- Four sessions on “Fundamentals of Deposit Insurance Coverage” (Fundamentals Seminar), which will provide an overview of the rules for determining deposit insurance coverage for the nine most common account ownership categories.
- Four sessions on “Deposit Insurance Coverage for Revocable Trust Accounts” (Revocable Trust Seminar), which will focus on the rules for informal and formal revocable trust accounts.
- Four sessions on “Advanced Topics in Deposit Insurance Coverage” (Advanced Topics Seminar), which will focus on government accounts, mortgage servicing accounts, bank mergers, pass-through deposit insurance coverage, and other deposit insurance topics.
Statement of Applicability to Institutions with Total Assets Less Than $1 Billion: This Financial Institution Letter applies to all FDIC-insured institutions.
Highlights:
- The FDIC will conduct 12 free seminars on deposit insurance coverage for bank officers and employees between May 6, 2014, and December 4, 2014.
- The Fundamentals Seminar will consist of a 70-minute presentation, and the Revocable Trust Seminar and the Advanced Topics Seminar will each consist of a 45-minute presentation. Each seminar also will be followed by a question-and-answer period with FDIC subject matter experts that will generally last for one hour.
- Advance registration is required for each seminar. See the attachment for registration instructions.
- Each seminar will link to a slide presentation, and participants are strongly encouraged to have a copy of the slides during the audio presentation. See the attachment for accessing the slide presentation.
Continuation of FIL-17-2014
Financial Institution Letters
FIL-17-2014
April 18, 2014
Deposit Insurance Coverage
Free Nationwide Seminars for Bank Officers and Employees
The FDIC will conduct 12 free seminars on deposit insurance coverage for bank officers and employees between May 6, 2014, and December 4, 2014, including:
- Four sessions on “Fundamentals of Deposit Insurance Coverage” (Fundamentals Seminar), which will provide an overview of the rules for determining coverage for the nine most common account ownership categories;
- Four sessions on “Deposit Insurance Coverage for Revocable Trust Accounts” (Revocable Trust Seminar), which will focus on the rules for informal and formal revocable trust accounts; and
- Four sessions on “Advanced Topics in Deposit Insurance Coverage” (Advanced Topics Seminar), which will focus on government accounts, mortgage servicing accounts, bank mergers, pass-through deposit insurance coverage, and other deposit insurance topics.
The objective of the seminars is to provide bank employees with basic knowledge of the FDIC’s deposit insurance rules needed to help depositors correctly determine their deposit insurance coverage. Participation in the seminars is strictly voluntary and is open to employees and officers of all FDIC-insured depository institutions.
The Fundamentals Seminar will consist of a 70-minute presentation, and the Revocable Trust Seminar and the Advanced Topics Seminar will each consist of a 45-minute presentation. A question-and-answer period, which typically lasts an hour, will follow each seminar. Each seminar is linked to a slide presentation (see attachment).
The seminars are free, but advance registration is required. Upon completing the registration process, participants will receive an RSVP e-mail confirmation, along with a PIN that is required to join the seminar on the date selected. If you register but do not receive an e-mail confirmation, verify the e-mail address provided and repeat the registration process.
The email confirmation will contain a “join the meeting” link that automatically starts the Microsoft Office Live Meeting Client and connects participants to the seminar. This link will be active 30 minutes prior to the scheduled start time of each event. If this is the first time you are joining a meeting, you may need to install the Microsoft Office Live Meeting Client before you can join the session. Unlike previous deposit insurance seminars, you must log in to join the Live Meeting and dial into a conference call for the audio component of the presentation, including the question-and-answer period.
Registration procedures and instructions for accessing the seminar slide presentations are included in the attachment. The PowerPoint presentation is subject to change based on the adoption of any statutory, regulatory, or policy changes affecting the calculation of deposit insurance coverage.
Contact the FDIC Call Center at 877-ASK-FDIC (877-275-3342) for more information about the FDIC’s 2014 schedule of deposit insurance seminars or to request assistance with the registration process.
The FDIC looks forward to your institution’s participation in our 2014 seminar series.
Mark Pearce
Director
Division of Depositor and Consumer Protection