6.3.14.1 Insurance Limit
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 BIA, this translated to:
Legal Entity/Separately insured branch- BIA-Bureau of Indian Affairs- Native American- level
Under this category, the custodian accounts are insured up to SMDIA for each Native American for whom the Bureau of Indian Affairs is acting.