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. Insurance Limit

5.3.11.1 Insurance Limit

For Accounts with Commingled Trust Funds, 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 DIT this would be:

Legal Entity/Separately insured branch - DIT-Insured Depository Institution- Beneficiary level

For Irrevocable Trust Accounts where an IDI is a Trustee, Insurance calculation and the Standard Maximum Deposit Insurance Amount (SMDIA) are applied at:

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

This would be:

The FDIC insures each trust fund owner or beneficiary represented for up to the SMDIA.

Legal Entity/Separately insured branch¬ - DIT-Customer-Trust Account- Beneficiary level