Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation’s banking system.
The FDIC insures deposits at the nation’s banks and savings associations, 6,058 as of June 30, 2016. It promotes the safety and
soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives
no federal tax dollars—insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.govby subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC’s Public Information
Center (877-275-3342 or 703-562-2200). PR-91-2016
October 18, 2016 Media contact:
Julianne Fisher Breitbeil
(202) 898-6895
jbreitbeil@fdic.gov
FDIC Announces Youth Savings Pilot Symposium
The Federal Deposit Insurance Corporation (FDIC) today announced that it will hold a
symposium on fostering youth savings on Friday, October 21, 2016. The symposium,
“Learning to Save – Saving to Learn,” will bring together representatives from nearly 20
banks participating in the FDIC’s Youth Savings Pilot program, as well as non-profit and
school partners. Participants will share their approaches to combining financial education
with the opportunity to open a savings account.
“Offering school-age children an easy opportunity to open a savings account makes financial
education efforts more effective,” FDIC Chairman Martin J. Gruenberg said. “Building on the
FDIC’s longstanding commitment to youth financial capability, the FDIC’s Youth Savings Pilot
has helped bank and school leaders, as well as the FDIC, learn more about how to start and
grow youth savings programs. The symposium will help us continue to offer financial
institutions and their school and community partners information to strengthen their
collaboration.”
The FDIC’s Youth Savings Pilot is designed to highlight promising approaches to offering
financial education tied to the opening of safe, low-cost savings accounts for school-age
children. During the previous two school years, the 21 FDIC-insured financial institutions in
the pilot partnered with schools or nonprofit organizations to help students open savings
accounts in conjunction with financial education programs. Over the course of the pilot,
participants connected with one another and with technical assistance resources to identify,
develop, and share promising practices.
The FDIC plans to communicate lessons from the pilot in a final report to be issued in 2016.
For additional background information, visit the FDIC’s Youth Savings Pilot page. Available
through this link are related resources that can support youth financial capability, including
Money Smart financial education tools for educators, parents, and young people.
The morning sessions will be webcast for public viewing: http://fdic.windrosemedia.com.
Members of the media wishing to attend the morning session should contact the FDIC Office
of Communications for additional instructions on how to attend.
###
The FDIC insures deposits at the nation’s banks and savings associations, 6,058 as of June 30, 2016. It promotes the safety and
soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives
no federal tax dollars—insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.govby subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC’s Public Information
Center (877-275-3342 or 703-562-2200). PR-91-2016
October 18, 2016 Media contact:
Julianne Fisher Breitbeil
(202) 898-6895
jbreitbeil@fdic.gov
FDIC Announces Youth Savings Pilot Symposium
The Federal Deposit Insurance Corporation (FDIC) today announced that it will hold a
symposium on fostering youth savings on Friday, October 21, 2016. The symposium,
“Learning to Save – Saving to Learn,” will bring together representatives from nearly 20
banks participating in the FDIC’s Youth Savings Pilot program, as well as non-profit and
school partners. Participants will share their approaches to combining financial education
with the opportunity to open a savings account.
“Offering school-age children an easy opportunity to open a savings account makes financial
education efforts more effective,” FDIC Chairman Martin J. Gruenberg said. “Building on the
FDIC’s longstanding commitment to youth financial capability, the FDIC’s Youth Savings Pilot
has helped bank and school leaders, as well as the FDIC, learn more about how to start and
grow youth savings programs. The symposium will help us continue to offer financial
institutions and their school and community partners information to strengthen their
collaboration.”
The FDIC’s Youth Savings Pilot is designed to highlight promising approaches to offering
financial education tied to the opening of safe, low-cost savings accounts for school-age
children. During the previous two school years, the 21 FDIC-insured financial institutions in
the pilot partnered with schools or nonprofit organizations to help students open savings
accounts in conjunction with financial education programs. Over the course of the pilot,
participants connected with one another and with technical assistance resources to identify,
develop, and share promising practices.
The FDIC plans to communicate lessons from the pilot in a final report to be issued in 2016.
For additional background information, visit the FDIC’s Youth Savings Pilot page. Available
through this link are related resources that can support youth financial capability, including
Money Smart financial education tools for educators, parents, and young people.
The morning sessions will be webcast for public viewing: http://fdic.windrosemedia.com.
Members of the media wishing to attend the morning session should contact the FDIC Office
of Communications for additional instructions on how to attend.
###