FDIC Advisory Committee on Economic Inclusion to Meet Next Week — 2017-10-13

The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Wednesday, October 18 to discuss economic inclusion for persons with disabilities, provide updates on efforts to expand access to Safe transaction accounts, present research related to neighborhood access to bank branches, and discuss the results of a 2016 FDIC survey of entry-level consumer checking and savings accounts. The statistically-based survey of entry-level accounts allows the FDIC to systematically observe the terms and conditions associated with basic entry-level checking and savings accounts offered by FDIC-insured institutions. The survey covers items such as average monthly maintenance fees, conditions under which fees may be waived, minimum opening balance requirements, as well as details concerning overdraft programs. Results are broken out for small banks (assets less than $1 billion), mid-sized banks (assets of $1 to $10 billion) and large banks (assets in excess of $10 billion).