Recent Programmatic Resources
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Guidance to Encourage Financial Institutions’ Youth Savings Programs and Address Related
Frequently Asked Questions, issued by the FRB, FDIC, NCUA, and OCC, as members of
the FLEC, together with the FinCEN of the U.S. Department of the Treasury.
“School-Based Bank Savings Programs: Bringing Financial Education to Students,” OCC’s
Community Development Insights report (http://www.occ.gov/topics/communityaffairs/publications/insights/insights-school-based-bank-savings-programs.pdf), an OCC
Insights report that discusses how school-based bank savings programs operate and
overviews several key considerations for banks participating in these programs.
OCC Fact Sheet: http://www.occ.gov/topics/community-affairs/publications/fact-sheets/factsheet-bank-savings-incentive-programs.pdf.
A letter encouraging FDIC-supervised institutions to work with schools to promote financial
education, including school-based savings programs:
http://www.fdic.gov/news/news/financial/2010/fil10080.html.
Other relevant resources from the FDIC are available at:
https://www.fdic.gov/consumers/banking/youthsavingspilot/resources.html.
Various resources for credit unions engaged in this work are available from the National
Credit Union Administration:
http://www.ncua.gov/Resources/FinancialLiteracy/Pages/default.aspx.
NCUA webinar on how credit unions can put their financial literacy mission into action:
http://event.on24.com/eventRegistration/EventLobbyServlet?target=lobby.jsp&eventid=7569
99&sessionid=1&key=7908E7594C56D7425B316B8D50F95301&eventuserid=103659848.
Educational Resources for Youth
Various free resources that support the financial education instruction component of youth
savings programs can be found at www.mymoney.gov.
Agency Community Affairs Contacts
The FRB, FDIC, and OCC have community affairs staff throughout the country that may be able
to assist financial institutions and their community partners with regulatory questions, increasing
awareness of promising practices, and opportunities for fostering collaboration.
Obtain further information on the agency Community Affairs Programs at:
ï‚· FRB: http://www.federalreserve.gov/communityaffairs/
ï‚· FDIC: http://www.fdic.gov/consumers/community/
ï‚· OCC: http://www.occ.gov/topics/community-affairs/index-community-affairs.html
ï‚· NCUA: http://www.mycreditunion.gov/Pages/contact.aspx
Share your story!
To share success stories or provide feedback on this document, email: ofe@treasury.gov.
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