1. Deposit Insurance Calculations for Liquidity Risk Management User Guide
  2. FDIC Part 370 Calculations
  3. ORC Classification and Insurance Calculation
  4. Joint Accounts (JNT)
  5. Insurance Limit

6.3.2.1 Insurance Limit

The Insurance calculation and the Standard Maximum Deposit Insurance Amount (SMDIA) are applied at:

Legal Entity/Separately insured branch- Ownership Right and Capacity-Customer level

For JNT, this translates to:

Legal Entity/Separately insured branch- Ownership Right and Capacity-Co owner level

Each co-owner of a Joint Account is insured up to SMDIA for the combined amount of his or her interests in all Joint Accounts at the same IDI. In determining a co-owner’s interest in a Joint Account, the application assumes each co-owner is an equal owner.