Home > News & Events > Financial Institution Letters




Inactive Financial Institution Letters

Deposit Insurance Coverage
FDIC Guide to Calculating Deposit Insurance Coverage for Revocable and Irrevocable Trusts Now Available on the Internet
FIL-16-2008
February 29, 2008


Summary: The Federal Deposit Insurance Corporation (FDIC) has developed a new publication for bankers and other financial professionals on FDIC insurance coverage of trust deposits. The FDIC Guide to Calculating Deposit Insurance Coverage for Revocable and Irrevocable Trusts provides detailed information and guidance on how to calculate FDIC coverage for deposits held by revocable and irrevocable trusts. The publication is now available on the FDIC's Web site.

Highlights:
The FDIC has released on its Web site a new guide entitled FDIC Guide to Calculating Deposit Insurance Coverage for Revocable and Irrevocable Trusts.

  • The guide is a comprehensive resource for bankers and other financial professionals with detailed information and guidance on how to calculate FDIC coverage for deposits held by revocable and irrevocable trusts.
  • The new publication, which includes the FDIC's rules and regulations for revocable and irrevocable trusts, shows users how to employ a standard set of questions and answers to analyze insurance coverage for the various types of trusts. The guide includes 32 examples demonstrating how the "question and answer" methodology can be used to calculate coverage for most trust deposits.

Distribution:
All FDIC-Insured Institutions

Suggested Routing:
Chief Executive Officer
Head of Deposit and Branch Operations
Compliance Officer
Training Officer

Related Topics:
FDIC Deposit Insurance Regulations
12 C.F.R. 330

Contact:
Martin W. Becker at 202-898-6644

Printable Format:
FIL-16-2008 - PDF (PDF Help)

Note:
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2008/index.html.

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center (1-877-275-3342 or 703-562- 2200).




Last Updated 2/29/2008 communications@fdic.gov