01/17/2011
Does the name of a Trust/POD/ITF need to be in the title of a signature card?
09/06/2010
As a bank, are we required to sell and redeem US Savings Bonds for non-customers? My supervisor believes we may have to provide this service and that it may be tied to the bank's FDIC insurance coverage. I have searched the FDIC website and couldn't locate any information. The US Treasury website just states that individuals may purchase at "some" banks. This led me to believe that it would be a bank policy vs. requirement to offer this service to non-customers. We are considering revising our risk assessment for this service; not offering it to non-customers.
05/24/2010
We have a political entity (527 PAC) that would like to put funds into a fully-FDIC-insured NOW account here in California. Our bank offers the NOW account, but I don't know if its restrictions prevent this type of entity from opening one.
02/22/2010
A potential customer would like to open an interest bearing oil and gas lease account that has about thirty investors who are the beneficiaries. We will be furnished a copy of the percentages of ownership every thirty days. How do we determine the FDIC insurance and how does the signature card need to be styled?
01/04/2010
Do our bank statements need to show the FDIC insurance logo?
06/22/2009
The FDIC released an interim ruling on September 26, 2008. It stated that POD accounts would no longer require a qualified beneficiary. Have other banks changed their procedures for POD accounts due to this ruling?
06/01/2009
With budgets tightening we want to combine some of our advertisements to get the most for our advertising dollars. We have always advertised loans separate from deposits, as one example, and generally advertised one specific product at a time. As we combine ads, what precautions do we need to take?
04/27/2009
Is it true that the $250,000 FDIC insurance amount change is now permanent?
02/16/2009
Are there any restrictions for opening money market savings accounts for government organizations?
02/09/2009
Will the FDIC recognize an account as a legal POD account if the signature card clearly states it as POD, but the name and address on the statement does not? Either the POD was inadvertently left off of the statement mailing address information or the account was amended to add a POD after opening, but was looked over and wasn't added to the mailing address information?