The OCC Offers Financial Literacy Resources for Bankers

The OCC has the following resources available for banks interested in promoting financial literacy.

Financial Literacy Resource Directory provides information on financial literacy resources, issues, and events that are important to bankers, organizations, and consumers of all ages. The directory includes descriptions and contact information for a sampling of organizations that have undertaken financial literacy initiatives as a primary mission, plus government programs, fact sheets, newsletters, conference materials, publications, and links to other Web sites.

Financial Literacy Updates contain information about upcoming financial literacy events, new initiatives of the OCC and other organizations in the financial literacy field, as well as listings of financial literacy and consumer financial education resources. Subscribe now to receive the OCC's Financial Literacy Updates.

Advisory Letter on Financial Literacy highlights the range of financial literacy activities in which banks have participated that have been effective in enhancing consumer financial skills and extending the reach of banks' products and services to underserved or unbanked markets.

Article Archive on Financial Literacy contains over 100 articles and publications on a variety of community development and Community Reinvestment Act topics. Topics include financial literacy initiatives.

Insights Report on Individual Development Accounts describes this product as a tool for banks and other financial institutions to encourage goal-directed savings by consumers. This savings account tool encourages lower-income persons and families to save money and thus build assets for particular financial goals. The report describes why banks offer Individual Development Accounts, shows how banks are involved with these types of accounts, and addresses barriers to the growth of these products.

Financial Literacy Fact Sheet describes several broad categories of financial literacy activities that can help potential bank customers participate in the U.S. financial system and help banks strengthen their communities. This fact sheet offers banks a description of financial literacy, benefits of these programs, and examples of activities for children and adults.