The FDIC Board of Directors issued a Notice of Proposed Rulemaking designed to improve consumer awareness of deposit insurance coverage. The proposed rule would require certain bank staff who open accounts or answer deposit insurance questions to receive annual training on the basic principles of deposit insurance coverage with a computer-based training module provided by the FDIC. Insured depository institution staff opening a new account would be required to inquire whether the customer has other accounts at that institution and whether the aggregate deposits may exceed the deposit insurance limit. If a customer’s deposits exceed the deposit insurance limit, the institution would have to provide specific information to the customer, including a copy of the FDIC’s publication, Deposit Insurance Summary.