6.3.11.1 Insurance Limit
For Accounts with Commingled Trust Funds, Insurance calculation and the Standard Maximum Deposit Insurance Amount (SMDIA) are applied at:
Legal Entity/Separately insured branch- Ownership Right and Capacity-Customer- Account Participant level
For DIT this translates to:
Legal Entity/Separately insured branch¬ - DIT-Insured Depository Institution- Beneficiary level
For Irrevocable Trust Accounts where an IDI is a Trustee, Insurance calculation and the Standard Maximum Deposit Insurance Amount (SMDIA) are applied at:
Legal Entity/Separately insured branch- Ownership Right and Capacity-Customer- Trust Account- Account Participant level
For DIT Trust account at beneficiary level, this translates to:
Legal Entity/Separately insured branch¬ - DIT-Customer-Trust Account- Beneficiary level
The FDIC insures each trust fund owner or beneficiary represented for up to the SMDIA. Under this ORC, both allocated and unallocated funds are covered.