The Reserve System believes
that the boards of directors of state member banks should be impressed
with the necessity of carrying adequate fidelity insurance. Excess
employee dishonesty blanket bonds in multiples of $1 million are available;
those state member banks not having adequate coverage should give
consideration to the acquisition of sufficient fidelity coverage.
S-1785, March 15, 1961; S-1825, Feb. 28, 1962.
