# FDIC FIL-13-2017: FDIC Releases Report on its Youth Savings Pilot and Launches New Network to Support Youth Savings Collaborations > Federal · Agency guidance · In force URL: https://www.frixlaw.com/law-library/statutes/FDIC_FIL17013 ## Section - **Citation:** FDIC FIL-13-2017 - **Heading:** FDIC Releases Report on its Youth Savings Pilot and Launches New Network to Support Youth Savings Collaborations - **Jurisdiction:** Federal - **Kind:** Agency guidance - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** FDIC Financial Institution Letters / FDIC Releases Report on its Youth Savings Pilot and Launches New Network to Support Youth Savings Collaborations ## Text Federal Deposit Insurance Corporation 550 17th Street, NW, Washington, D.C. 20429-9990 Financial Institution Letter FIL-13-2017 March 28, 2017 FDIC Releases Report on its Youth Savings Pilot and Launches New Network to Support Youth Savings Collaborations Summary: The FDIC released a report on its Youth Savings Pilot program, which identifies promising approaches to combining financial education with the opening of safe, low-cost savings accounts for school- aged children. The report from the FDIC’s two-year Youth Savings Pilot is based on the experiences of 21 diverse participating banks. The report describes promising practices banks can use to develop or expand their own youth savings programs. Banks are invited to join the Youth Banking Network if they are interested in information resources to support their school-based savings initiatives. Statement of Applicability to Institutions under $1 Billion in Total Assets: This Financial Institution Letter applies to all FDIC-insured institutions. Distribution: FDIC-Insured Institutions (Commercial and Savings) Suggested Routing: Chief Executive Officer / Chief Operating Officer/ Community Reinvestment Act Officer Attachments: Youth Savings Pilot Report Contacts: Luke W. Reynolds, Chief, Outreach and Program Development, Division of Depositor and Consumer Protection, lureynolds@fdic.gov or (202) 898-7164 Nicola Myers, Community Affairs Specialist, Division of Depositor and Consumer Protection, nmyers@fdic.gov or (202) 898-7174 E-mail: youthsavingspilot@fdic.gov Note: FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's website at https://www.fdic.gov/news/news/financial/2017/. To receive FILs electronically, please visit https://www.fdic.gov/about/subscriptions/fil.html. Paper copies may be obtained via the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200) ov Note: FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's website at https://www.fdic.gov/news/news/financial/2017/. To receive FILs electronically, please visit https://www.fdic.gov/about/subscriptions/fil.html. Paper copies may be obtained via the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200). Highlights:  Linking Youth Savings with Financial Education: Lessons from the FDIC Pilot, summarizes the experiences of 21 diverse participating banks during the FDIC’s two-year pilot, in designing and implementing youth savings programs. It identifies promising approaches and lessons learned from combining traditional, classroom-based financial education with the opportunity to open a safe, low-cost savings account. The report defines a range of models that offer banks flexibility to adapt to varying opportunities to promote youth savings.  The FDIC is launching a Youth Banking Network to support insured financial institutions with new and existing school- based savings programs. The FDIC will support Network participants by conducting periodic conference calls and developing information resources on topics such as how to engage parents of school-aged children.  Financial education and school-based savings programs encourage savings habits at a formative age and have the potential to promote economic inclusion for entire families.  To read the report or learn more about joining the Youth Banking Network, visit the new Youth Banking resource center at http://www.fdic.gov/youthsavings. ## 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_FIL17013. 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