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)

6.3.6 Revocable Trust Accounts (REV)

A Revocable Trust Account is a deposit account owned by one or more people expressing the intent that on the death of the owner, the deposited funds will pass to one or more named beneficiaries. A revocable trust account can be revoked, terminated, or amended at the discretion of the owner(s).

FDIC Deposit Insurance covers two types of revocable trusts — Informal Revocable Trusts and Formal Revocable Trusts. Insurance calculation does not depend on the type of Revocable Trusts.