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

6.3.6.4 Insurance Limit

The insurance limit is calculated as follows:

  1. When the number of beneficiaries is five or fewer:

    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 REV, this translates to:

    Legal Entity/Separately insured branch- REV-Grantor level
  2. When the number of beneficiaries is more than five and beneficiary share is unequal:

    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 REV, this translates to:

    Legal Entity/Separately insured branch- REV- Grantor- Beneficiary level
  3. When the allocation across beneficiaries is equal, irrespective of the number of eligible beneficiaries, the insurance limit of SMDIA is at a Grantor level. In other words, the treatment is same as the case where the number of beneficiaries is five or fewer.