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Speeding up deposit insurance payments

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Question: 
Will the simplified trust account coverage rules help speed up FDIC coverage payments for trust accounts if a bank fails?
Answer: 

That is one of the key goals of the changes. The amendments are expected to facilitate more timely deposit insurance determinations for trust accounts by reducing the amount of time needed for FDIC staff to review trust agreements and determine coverage.

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Learn more about John Burnett’s FDIC Trusts Coverage Changes
webinar.

First published on 08/21/2022

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