Federal Deposit Insurance Corporation

There's no shying away from tough banking topics

I'm always prepared for a little bit of reader feedback, but I didn't expect a recent column about a banking program for children to generate any big concerns.

In September, I wrote about the Federal Deposit Insurance Corp.'s Youth Savings Account pilot program, which launched this fall in a handful of schools around the country. Nine financial institutions with existing school-based educational programs were selected to participate in the one-year test.

The concept seems straightforward: Children in the participating schools are encouraged to open savings accounts at the same time they're learning about...