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FDIC Signs Statement of Support for National Guard, Reserve

American Forces Press Service

WASHINGTON, June 28, 2005 – The Federal Deposit Insurance Corporation signed a statement of support for the Guard and Reserve here June 23.

Click photo for screen-resolution image
Bob Hollingsworth, executive director of the Committee for Employer Support of the Guard and Reserve, presents a statement of support plaque to Don Powell, Federal Deposit Insurance Corporation chairman June 23. Photo by Staff Sgt. Melissa Fox
  

(Click photo for screen-resolution image);high-resolution image available.

Donald E. Powell, FDIC chairman, signed the statement at the corporation's headquarters.

"Today's declaration of support is a significant event not only for the FDIC, but for all federal civil service employees who witness this outstanding example," said Bob Hollingsworth, executive director of the National Committee for Employer Support of the Guard and Reserve. "The federal government is one of the largest employers of National Guardsmen and Reservists in the country.

"By signing the statement of support," he continued, "the leadership of the FDIC stands solidly behind their Guard and Reserve employees who, like the Minutemen before them, continue to answer their nation's call to defend our way of life. Their personal sacrifices are essential to the strength of our nation."

Powell spoke proudly of the FDIC's support of employees serving their country through the National Guard and Reserve.

"The FDIC has a long tradition of supporting its many employees who serve their country not only through their fine work with the FDIC, but who go 'above and beyond' in their service to America as members of the Guard and Reserve," he said. "Over the years, hundreds of FDIC men and women have served proudly and with great distinction all over the world as members of the National Guard, Army Reserve, Air Force Reserve, Marine Corps Reserve and Coast Guard Reserve.

"Today, as I speak, the corporation has more than 50 employees serving as Reservists in the U.S. military," he continued. "About 20 of those employees are currently on active duty, and many of them have been called to serve in the most dangerous spots on this troubled globe, including Iraq."

Powell said those employees' jobs will be waiting for them when they return, and that the corporation would make up the difference between their military pay and their FDIC pay. "It's the very least we can do for these outstanding citizens," he said. "I recently received a very moving e-mail from one of our employees serving in Baghdad, thanking me for the strong support the FDIC has given him and his family during his deployment. Being able to read that e-mail to all our employees at our recent annual awards ceremony was one of my proudest moments as FDIC chairman."

Hollingsworth said employers increasingly are lining up behind their Guard and Reserve employees.

"The FDIC is leading a growing cadre of Fortune 500 companies and thousands of American employers who have pledged support for our troops," he said. "A statement of support serves two very vital functions: First, it demonstrates the strong level of support for our Guard and Reserve, which is important during this critical time. Secondly, it sends a clear message to the servicemembers that while they're serving their country, they do not have to worry about their civilian jobs."

He urged employers to make sure their companies at the very least are complying with the law that affords protection to Guardsmen and Reservists. "Today, supportive employers are critical to maintaining the strength and readiness of the nation's National Guard and Reserve units," he said. "I am asking all of America's employers to review, and amend as necessary, their current human resources policies to ensure compliance with the Uniformed Services Employment and Re-Employment Rights Act."

Congress created the FDIC in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 8,930 banks and savings associations, and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed.

Employer Support of the Guard and Reserve is a Defense Department agency established in 1972 to gain and maintain active support from public and private employers for the men and women of the National Guard and Reserve. ESGR volunteers provide free education, consultation, and, if necessary, mediation for employers of Guard and Reserve employees.

As the 1.2 million members of the National Guard and Reserve continue to perform an increasing number of unique missions that require extraordinary actions on the part of everyday citizens, ESGR will continue to be the informational agency for the employers of "America's Patriots," Hollingsworth said.

(From an Employer Support of the Guard and Reserve news release.)

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Related Sites:
Employer Support of the Guard and Reserve
Federal Deposit Insurance Corporation


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