# FDIC FIL-43-2014: FDIC Announces Youth Savings Pilot Program > Federal · Agency guidance · Superseded URL: https://www.frixlaw.com/law-library/statutes/FDIC_FIL14043 ## Section - **Citation:** FDIC FIL-43-2014 - **Heading:** FDIC Announces Youth Savings Pilot Program - **Jurisdiction:** Federal - **Kind:** Agency guidance - **Status:** Superseded - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** FDIC Financial Institution Letters / FDIC Announces Youth Savings Pilot Program ## Text FDIC Announces Youth Savings Pilot Program Miscellaneous August 4, 2014 Share on Facebook Share on X Share on X Follow the FDIC on LinkedIn Share through email Print Summary: FDIC-insured institutions are invited to apply and participate in the FDIC's Youth Savings Pilot Program, which seeks to identify and highlight promising approaches to offering financial education tied to the opening of safe, low-cost savings accounts for school-aged children. The first phase of the pilot is open to institutions currently working with schools or nonprofit organizations that help students open savings accounts in conjunction with financial education programs. The second phase is expected to target new programs that begin during the 2015–16 school year. Pilot participants will be connected with other participants and technical assistance resources to develop and share best practices. Upon completion of the pilot, the FDIC intends to publish a report to provide financial institutions with best practices on how to work with schools or other organizations to combine financial education with access to a savings account. Statement of Applicability to Institutions with Total Assets Less Than $1 Billion: This Financial Institution Letter (FIL) applies to all FDIC-insured institutions. Highlights: To introduce students to banking services at an early age, many insured financial institutions collaborate with schools to offer financial education and to establish school-based savings programs. These programs help students learn how to more effectively manage their money, encourage developmental savings habits at a formative age, and promote economic inclusion for entire families. The FDIC plans to conduct a two-phase pilot to learn from school-based savings programs and identify promising bank strategies for working with schools or other organizations that combine financial education with access to a savings account. The first phase covers programs that will be in place during the 2014–2015 school year at a formative age, and promote economic inclusion for entire families. The FDIC plans to conduct a two-phase pilot to learn from school-based savings programs and identify promising bank strategies for working with schools or other organizations that combine financial education with access to a savings account. The first phase covers programs that will be in place during the 2014–2015 school year. Institutions are invited to participate and apply by August 22, 2014, at http://www.fdic.gov/youthsavingspilot . The second phase will take place during the 2015–16 school year. A FIL will be forthcoming in April 2015 inviting institutions to participate in the second phase. Learn more at http://www.fdic.gov/youthsavingspilot . Distribution: FDIC-Insured Institutions Suggested Routing: Chief Executive Officer CRA Officer Chief Retail Officer Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 ( 877-275-3342 or 703-562-2200 ). FIL-43-2014 Contact(s) Luke W. Reynolds, Chief, Outreach and Program Development, Division of Depositor and Consumer Protection , (703) 254-1045 Ron Jauregui, Community Affairs Specialist, Outreach and Program Development, Division of Depositor and Consumer Protection , (703) 254-2243 ## Nearby sections - [FDIC FIL-1-2002 FOREIGN ASSETS CONTROL ACT](https://www.frixlaw.com/law-library/statutes/FDIC_FIL02001.md) - [FDIC FIL-1-2010 Employee Compensation Advance Notice of Proposed Rulemaking](https://www.frixlaw.com/law-library/statutes/FDIC_FIL10001.md) - [FDIC FIL-1-2024 Consolidated Reports of Condition and Income for Fourth Quarter 2023](https://www.frixlaw.com/law-library/statutes/FDIC_FIL24001.md) - [FDIC FIL-2-2004 Foreign Assets Control Act](https://www.frixlaw.com/law-library/statutes/FDIC_FIL04002.md) - [FDIC FIL-2-2020 Consolidated Reports of Condition and Income for Fourth Quarter 2019](https://www.frixlaw.com/law-library/statutes/FDIC_FIL20002.md) - [FDIC FIL-3-2003 FILING PROCEDURES](https://www.frixlaw.com/law-library/statutes/FDIC_FIL03003.md) - [FDIC FIL-4-2006 Commercial Real Estate Lending Proposed Interagency Guidance](https://www.frixlaw.com/law-library/statutes/FDIC_FIL06004.md) - [FDIC FIL-4-2021 Revised Guidelines for Appeals of Material Supervisory Determinations](https://www.frixlaw.com/law-library/statutes/FDIC_FIL21004.md) - [FDIC FIL-4-2023 Guidance to Help Financial Institutions and Facilitate Recovery in Areas of California Affected by Severe Winter Storms, Flooding, Landslides and Mudslides](https://www.frixlaw.com/law-library/statutes/FDIC_FIL23004.md) - [FDIC FIL-4-2025 FDIC Statement of Policy on Bank Merger Transactions](https://www.frixlaw.com/law-library/statutes/FDIC_FIL25004.md) - [FDIC FIL-5-2000 Consumer Credit Reporting Practices](https://www.frixlaw.com/law-library/statutes/FDIC_FIL00005.md) - [FDIC FIL-5-2003 LETTER TO STAKEHOLDERS](https://www.frixlaw.com/law-library/statutes/FDIC_FIL03005.md) - [FDIC FIL-5-2021 Frequently Asked Questions Regarding Suspicious Activity Reporting and Other Anti-Money Laundering (AML) Considerations](https://www.frixlaw.com/law-library/statutes/FDIC_FIL21005.md) - [FDIC FIL-6-2000 Special Alert](https://www.frixlaw.com/law-library/statutes/FDIC_FIL00006.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/FDIC_FIL14043. Check the current official text before relying on it. Not legal advice.