“Lessons From a Storm” – Banking for Safety Video

The Federal Reserve Board announced last Thursday the availability of a new video, “Lessons from a Storm,” that tells the stories of families who, in the aftermath of Hurricane Katrina, learned about the benefits of maintaining a bank account that allows for the direct deposit of payments and benefits.

Your Bank Has Failed: What Happens Next?

This 60 Minutes broadcast gives us an inside look at what happens when the FDIC takes over a failed bank.

60 Minutes excerpt:

A lot of people are worried about their banks these days. While devastated giants like Citigroup get bailed out again and again and again, many smaller banks are failing. The federal agency that takes over unsound banks is the Federal Deposit Insurance Corporation – the same people who guarantee depositors won’t lose their money.

Got a Question About Your Bank?

The Federal Deposit Insurance Corporation (FDIC) has an online service called “Bank Find” that allows you to obtain certain information about a bank. If more than one institution meets the criteria you enter, you will be provided with a list of institutions that meet your criteria.

Bank Find can provide answers to questions such as: