News Column

United States : FEDERAL DEPOSIT INSURANCE CORPORATION improves deposit insurance education materials

June 10, 2014

The Federal Deposit Insurance Corporation (FDIC) has announced new improvements to the deposit insurance education materials available on the FDIC's website.

The advancements are formulated to bolster the convenience and introduction of deposit insurance detail for the general public via organizational changes as well as via the extended use of explanatory videos and interactive infographics.

The revolutions are formed to enable the public to rapidly access basic information while still proposing the in-depth and inclusive deposit insurance information that has traditionally been available.

Moreover, the FDIC will carry out to propose the Electronic Deposit Insurance Estimator (EDIE). The public will be able to access their bank information to determine whether their deposits are fully insured.

FDIC Chairman Martin J. Gruenberg commented, "Deposit insurance is a foundation of public confidence in the banking system. In over 80 years of operation, the FDIC has never failed to live up to our promise of protecting every penny of insured deposits. Continuing to improve public understanding about how deposit insurance works is fundamental to carrying out this important mission."

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Source: TendersInfo (India)

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