OCC 99-17
Subject: Joint Ownership Accounts and Revocable Trust (payable-on-death) Accounts
Description: Message to Bankers and Examiners
Date:  April 19, 1999

TO:    Chief Executive Officers and Compliance Officers of All National 
	   Banks, Department and Division Heads, and All Examining Personnel


The Federal Deposit Insurance Corporation has revised its regulations
governing the insurance coverage of joint ownership accounts and revocable 
trust (payable-on-death) accounts.  The purpose of the revisions, which 
were proposed in July 1998, is to increase the public's understanding 
of the insurance rules through simplification.

The final rule simplifies the process for determining the insurance 
coverage of joint accounts; changes the insurance coverage of 
payable-on-death accounts by adding parents and siblings to
the list of qualifying beneficiaries; and makes technical amendments 
to the rules on the coverage of accounts held by agents or fiduciaries.  
The revisions were effective April 1, 1999.

If you have questions, please contact your supervisory office or the 
Community and Consumer Policy Department at (202) 874-4866.





_____________________________
Nanette G. Goulet
Acting Deputy Comptroller
Community and Consumer Policy

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