The Government of the United States safe accounts FDIC Pilot Program applications can contribute to be approved by 15 September 2010

Press Releases
The Government of the United States safe accounts FDIC Pilot Program
Requests to participate in be approved through 15 September 2010

AS SOON AS THE PUBLICATION OF THE
10 August 2010 Media Contact:
David Barr (202-898-6992)

FDIC pilot program, the Board approved the insured depository institutions today offers a secure, low cost and savings accounts, to assess the feasibility of transactional. The pilot-in-command, on the basis of the participating institutions provides electronic deposit accounts FDIC model safe accounts template properties of the products.

Offered by the pilot are FDIC insured accounts, reasonable rates and fees that are proportionate in relation to their costs, and application of consumer protection laws, regulations and guidelines. participating institutions may collect fees do not have sufficient resources or overdrafts on these accounts.

Pilot Model of secure accounts is designed to help meet the needs of more than one-quarter of all U.s. households, according to the technology of the FDIC Survey of Unbanked and Underbanked functions of Government (http://www.fdic.gov/householdsurvey/). The investigation also showed that minorities and lower-income households and are likely to be much more to technology.

"Access to mainstream financial services CatGenie SaniSolution institution, federally insured provides consumers ' money and perform basic data on financial transactions in a safe place kirjastokäyttöoikeutta. access to, you can also create a credit history, use the favourable credit conditions and work towards financial security, Chairman of the FDIC Consumer" said Sheila c. Bair. "We have seen, the banks which have already been successful by providing a safe and inexpensive for a new financial system for the consumers ' accounts.FDIC model accounts for the Pilot to make safe the offers by providing other voluntary road map. "

FDIC Vice Chairman Martin Gruenberg said, "an electronic transaction and FDIC model safe accounts template in savings accounts, press and hold the guide offers financial institutions providing views of the unbanked and unused household affordable basic banking services on the basis of cost-efficient.Today approved Pilot program is an important step for these accounts in the assessment of the opportunities. "

FDIC insured institutions accept is through 15.September 2010, the participation of the interested pilot applications. are the reporting requirements of the Pilot, participation in the positive aspects of the information necessary to establish eligibility for the insured institutions is available at http://www.fdic.gov/consumers/template/.hakemukset shall be carried out through the FDIC safeacctpilot@fdic.gov. institutions concerned their selection for the pilot-in-30.September 2010.

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Congress created the Federal Deposit Insurance Corporation to restore the public's confidence in the nation of the banking system of the 1933. deposits FDIC takaatte successful nation 7,932 banks and savings associations and it contributes to the stability and security by identifying, monitoring and deal with risks for which they are exposed to the FDIC may not. federal tax dollars – the insured financial institutions to finance their activities.

FDIC press releases and other information is electronically available on the Internet at www.fdic.gov order (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained from the FDIC's Public Information Center (877-275-3342 or 703-562-2200).PR-183-2010