Deposit Insurance Regulations; Living Trust Accounts
FDIC · final-rule · Published 2004-01-21 · 69 FR 2825
Document
Document number
04-1198
Federal Register citation
69 FR 2825
CFR reference
12 CFR 330
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
2004-01-21
Abstract
The FDIC is amending its regulations to clarify and simplify the deposit insurance coverage rules for living trust accounts. The rules are amended to provide coverage up to $100,000 per qualifying beneficiary who, as of the date of an insured depository institution failure, would become the owner of the living trust assets upon the account owner's death.