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#1101527 - 12/23/08 06:11 PM FDIC Sign Requirement
dollars & sense Offline
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Joined: Oct 2006
Posts: 344
Is there a requirement that states we must display specific signage that we opted in or out of the FDIC Liquidity Guarantee Program? A staff member is asking about a December 19th signage complinace date.

Also, do we need to adjust our disclosures to reflect our opt in or out status?

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Operations Compliance
#1101594 - 12/23/08 06:59 PM Re: FDIC Sign Requirement dollars & sense
RBanker Offline
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RBanker
Joined: Jul 2003
Posts: 2,675
Austin Texas
Go to page 20 for verbiage for either your opt out or opt in decision, and for the December 19th deadline for disclosure in your lobby and on your website (if you have one).

http://www.fdic.gov/news/board/08BODtlgp.pdf
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#1101891 - 12/24/08 01:10 AM Re: FDIC Sign Requirement RBanker
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,752
On the Net
Printable signage is in the Tools. Just download and print.

http://www.bankersonline.com/tools/compliance/logos.html
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#1103371 - 12/29/08 11:51 PM Re: FDIC Sign Requirement Andy_Z
Runreb Offline
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Runreb
Joined: Apr 2002
Posts: 480
Two signs, correct??
One if participating in the TAG program and one for the October 3rd increase from 100k to 250k.

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#1104117 - 12/31/08 02:31 AM Re: FDIC Sign Requirement Runreb
#Just Jay Offline
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#Just Jay
Joined: Oct 2006
Posts: 14,390
Cheeseheadland
Yes, but keep in mind, you only need on TAGP sign per branch, while you will need one sign/note/sticker per deposit taking station for the insurance increase.
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