5.3.14.1 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 would be:
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.