Federal Deposit
Insurance Corporation

From: Cecelia
Sent: Friday, October 03, 2008 11:50 AM
To: Comments
Subject: revocable trust accounts

We believe the ruling that disqualified nieces and nephews as legitimate beneficiaries (as identified in revocable tryst accounts) discriminates against those couples who do not have children. 

In our case, neither the attorney who drew up our Revocable Trust agreement, nor the banks who accepted our Trust and our money advised us that the FDIC would not recognize our niece and nephews as qualified beneficiaries.  It was a shock and disappointment to learn that a good portion (17%) of our savings was not insured when the IndyMac Bank was taken over by the FDIC.

In our opinion, it is only fair for the FDIC to reconsider the effective date of the rule, to include individuals who were victims of the IndyMac Bank failure, of 7/11/08.  In addition, this interim rule should be made permanent.   Thank you.

Cecelia