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Introduction
Printable Format of Financial Institution Employee's Guide to Deposit Insurance - PDF
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About the Employee's Guide
Every bank and savings association that displays the FDIC logo has a responsibility to ensure that it provides accurate information about FDIC insurance coverage to its depositors. Bank and savings association employees who deal directly with depositors must understand the rules that govern deposit insurance coverage to be able to explain them clearly and accurately to bank customers. The Financial Institution Employee's Guide to Deposit Insurance (Employee's Guide) was developed to help bank and savings association employees meet this objective. See the Deposit Insurance Coverage Resources for a list of additional FDIC resources available to assist bank and savings association employees in understanding the deposit insurance rules.
Limitations of
the Employee's Guide
The information provided in the Employee's Guide is presented in a non-technical way and is not intended to be a legal interpretation of the FDIC's laws and regulations on insurance coverage. For greater detail concerning the technical aspects of insurance coverage, you may wish to read the Federal Deposit Insurance Act (12 U.S.C.1811 et seq. ) and the FDIC's regulations relating to insurance coverage (12 C.F.R. Part 330 ). You can view the deposit insurance regulations on the FDIC's web site at: www.fdic.gov/regulations/laws/rules.
Federal law expressly limits the amount of insurance the FDIC can pay to depositors and no representation made by any person can increase that coverage.
If you have questions about the information provided in the Employee's Guide , you may wish to contact the FDIC to confirm your understanding of the rules for deposit insurance coverage.
Effective Date
This edition of the Employee's Guide describes the deposit insurance rules in effect at publication (Spring 2006). It contains regulatory changes adopted by the FDIC in April 2006 to implement provisions of the Federal Deposit Insurance Reform Act of 2005 that affect deposit insurance coverage.
If the laws and regulations defining FDIC insurance coverage are amended after the date of publication, some information in the Employee's Guide may become obsolete. To determine whether any such changes have been made, contact the FDIC's Call Center at 1-877-275-3342.
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