FDIC to extend the application of section safe account Pilot

Press Releases
FDIC to extend the application of section safe account Pilot

AS SOON AS THE PUBLICATION OF THE
2. September 2010,

The Federal Deposit Insurance Corporation (FDIC) to extend the period of 30 days from the date on which the pilot program providing secure insured depository institutions to assess the feasibility of cost savings accounts, and that the needs of the transactional technology consumers.

Extension of the deadline, there are a number of institutions, indicating whether the current product offerings have to adapt to the changes, if necessary, where appropriate, the parameters for the pilot program to plan whereas responsive product offering and provide appropriate assessment and approval of applications there is a need for more time to reply to.

Applications are now due 15.October 2010 and submit through safeacctpilot@fdic.gov.The institutions shall be informed of their selection on the Oct. 29. reporting requirements, the contribution of the positive aspects of the pilot program information necessary to establish eligibility for the insured institutions is available at http://www.fdic.gov/consumers/template/.

FDIC announced pilot program 10.August 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 7,830 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-203-2010