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.
• The guide currently is available on the FDIC's Web site. Users can read or download the new publication at www.fdic.gov/deposit/deposits/di_trust_accounts/index.html.

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).