Teaching Tips: Is Your Bank Account Safe?

"Teaching Tips" provide ways that teachers can integrate current issues and research into their classrooms using Federal Reserve research. In the President's Message, Thomas Hoenig, the former president of the Federal Reserve Bank of Kansas City, discusses what happens when a bank fails and how the Federal Deposit Insurance Corporation (FDIC) steps in following a bank's closing. Read and discuss the article in class using the direct discussion questions and extension activities.
Grade levels: 9-12
Content keywords: banking, federal deposit insurance corporation, liquidate, teaching tips
Key Concepts: Banking, Federal Reserve System, Economics
Resource type: Article, Activity
Time requirement: 30-60 minutes
Teaching Tips:  Is Your Bank Account Safe?