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#182655 - 04/22/04 02:20 PM FDIC Insurance - Trust Funds
Anonymous
Unregistered

After consulting the Deposit insurance regulations in Part 330 of FDIC Rules and Regulations, I am a bit confused on “pass-through” insurance on trust funds. Any clarification would be appreciated.

For example if there are 50 participants in an employee benefit trust, are the accounts insured to $5,000,000.00? Or do I need to determine those participants who have eligible deposits in excess of 100,000.00 and pledge for the uninsured portion of the deposit? Or it a combination of the two?

How often does this calculation have to be performed?

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Operations Compliance
#182656 - 04/22/04 02:56 PM Re: FDIC Insurance - Trust Funds
Tennismom Offline
Platinum Poster
Tennismom
Joined: Jan 2004
Posts: 778
Check the FDIC website at http://www.fdic.gov/deposit/deposits/insured/ownership6.html#employee. That may clarify things.

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