[NFEC Update] OCC Publishes Newsletter Highlighting Financial Literacy

[Joanna Donohoe]

 Comptroller of the Currency, Administrator of National
Banks<http://www.occ.gov/GRAPHICS/occ_subpage_logo.gif> 

 Ensuring a Safe and Sound National Banking System for all
Americans<http://www.occ.gov/GRAPHICS/occ_subpage_tagline.gif> 

 

News Release 

NR 2009-41 

 

FOR IMMEDIATE RELEASE
April 20, 2009 

Contact: Dean DeBuck
(202) 874-5770 

OCC Publishes Newsletter Highlighting Financial Literacy

WASHINGTON - The Office of the Comptroller of the Currency (OCC) today
published Community Developments Investments, its on-line newsletter,
which describes financial literacy initiatives that banks and their
community partners are operating across the country.

"Financial literacy is the first step toward financial success for our
kids and for many older consumers. These programs spread the word that
financial knowledge can help them protect, manage, and invest their
money better," said Comptroller of the Currency John C. Dugan. "For
banks that means increased opportunities to expand their customer base
and deposits, increase customer loyalty and satisfaction, and target
initiatives to low- and moderate-income communities to earn positive CRA
consideration."

This edition coincides with National Financial Literacy Month and
highlights roles that banks can play in promoting financial stability
through local partnership efforts. Its articles describe four programs
that help banks and their community partners reach out to consumers to
encourage better money management through savings and checking products:
Bank on Cities, Operation Hope, America Saves, and the Department of the
Treasury's Community Financial Access Pilot. It also includes a number
of OCC on-line resources for bankers interested in expanding their
financial literacy programs, including the Financial Literacy Update and
the Financial Literacy Web Resource Directory.

Community Developments Investments can be accessed on the OCC's Web site
at: http://www.occ.gov/cdd/Ezines/spring09/cde09spring_index.htm.

 

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