04/19/2013 Federal Deposit Insurance Corporation



Federal Deposit Insurance Corporation


The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by Congress in 1933 to maintain stability and public confidence in the nation's financial system.  The FDIC achieves its mission by insuring deposits, examining and supervising financial institutions for safety and soundness and consumer protection, and managing receiverships.  More than 10 years ago, the FDIC launched the Money Smart financial education program to help low- and moderate-income individuals enhance their financial skills and create positive banking relationships.  More than 3 million consumers have been reached with Money Smart since its inception in 2001.  


Money Smart is available free of charge in several formats:

  • Money Smart for Adults is an instructor-led curriculum for adult consumers in nine languages (English, Spanish, Chinese, Haitian Creole, Hindi, Hmong, Korean, Russian, and Vietnamese).  
  • Money Smart for Young Adults is an instructor-led version for young adults between the ages of 12-20.  It combines activities, lessons, and practice scenarios to help students learn about managing money.  The curriculum has been aligned with state educational standards.
  • The Computer-Based Instruction (CBI) is the online self-paced version of Money Smart available for consumers in both English and Spanish.  The CBI is based on a game-based learning design and features separate young adult and adult tracks.  
  • Money Smart Podcast Network is the audio (MP3) version, designed to accommodate financial learning for individuals “on the go.”  
  • Money Smart for Small Businesses is an instructor-led version to teach new or prospective entrepreneurs the basics relating to organizing and managing a business.
  • The quarterly Money Smart News offers financial educators timely and relevant tips on the delivery of financial education. Each edition highlights a success story that provides ideas and best practices.  

Money Smart may be offered in either a classroom or small group setting.  The curriculum includes everything necessary to begin teaching the program right away, including instructor’s guides and participant materials.  An instructor can teach all modules sequentially or one or more individual module(s) on a stand-alone basis depending on their students’ needs.  Organizations can integrate Money Smart into other financial education programs, as Money Smart is not copyrighted.


The FDIC focuses its distribution model on reaching financial institutions, non-profits, local governmental entities, and others who can reach consumers (particularly those unbanked and under banked consumers). When appropriate, the FDIC encourages collaborations between community-based organizations that serve consumers and bankers who can help teach the curriculum and provide access to appropriate banking services that meet the needs of Money Smart participants. The FDIC welcomes new Alliance Partners that have a track record, and intend to continue, promoting Money Smart in ways such as:

•    Teaching or otherwise delivering Money Smart
•    Facilitating program implementation
•    Promoting Money Smart
•    Evaluating Money Smart efforts
•    Increasing Money Smart delivery and distribution networks

To learn more about Money Smart, please visit www.fdic.gov/moneysmart or contact Turn on JavaScript!.


Money Smart for Elementary School Students is an instructor-led version for children ages 5-8.  It introduces key personal finance concepts to children at a formative age.  This resource was introduced in 2012.


Luke W. Reynolds                                    
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