FDIC Offers Free Insurance Deposit Webinars

The FDIC will conduct 15 free telephone seminars on deposit insurance coverage for bank officers and employees between Feb. 15, 2012 and Dec. 6, 2012. “FDIC Comprehensive Seminar on Deposit Insurance Coverage for Bankers” (Comprehensive Seminar) will be offered on twelve dates.

This seminar will provides participants with an overview of the rules for determining deposit insurance coverage for all account ownership categories. The session will also provide participants with an introduction to the resources and tools available from the FDIC.

“FDIC Seminar on Revocable Trust Accounts for Bankers” (Revocable Trust Seminar) will be offered on three days and will focus solely on the rules and coverage for formal revocable trust account holders whose trust deposits at
one bank exceed $1,250,000. The objective of both seminars is to provide
bank employees with the knowledge of FDIC’s deposit insurance rules needed to assist depositors in correctly determining their deposit insurance coverage.

Participation in the seminars is strictly voluntary and is open to employees and officials of all FDIC-insured depository institutions. The Comprehensive Seminar will consist of a 90-minute audio presentation, and the Revocable Trust Seminar will consist of a 45-minute audio presentation. A question-and-answer period, which typically lasts an hour, will follow.

The Comprehensive Seminar is a prerequisite for the Revocable Trust Seminar. Participants are strongly encouraged to complete the Comprehensive Seminar before registering for the Revocable Trust Seminar. The Comprehensive Seminar will provide participants with the knowledge needed for the discussion on complex revocable trust accounts.

The seminars are free but participants must register in advance. Registration information and the dates for the seminars can be found in FIL5-2012 at: http://www.fdic.gov/news/news/financial/2012/fil12005.html.


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