1. User Guide
  2. Deposit Insurance Calculations as per FDIC 370
  3. ORC Classification and Insurance Calculation
  4. Accounts held by a Depository Institution as the Trustee of an Irrevocable Trust (DIT)

5.3.11 Accounts held by a Depository Institution as the Trustee of an Irrevocable Trust (DIT)

Under this ORC, coverage is extended to accounts held by an IDI as a trustee of an irrevocable trust. This category is applicable whether the IDI as trustee holds the trust funds in a deposit account at the IDI, or whether the IDI as trustee places the funds into a deposit account at another IDI.

Deposit insurance coverage for irrevocable trusts in this category is separate from, and in addition to, deposit insurance coverage for other ownership categories.