Robert E. Feldman
Executive Secretary
Attention: Comments/Legal ESS
Federal Deposit Insurance Corporation
550 17th Street, NW
Washington, DC 20429
Dear Mr. Feldman:
Subject: Proposed
Deposit Insurance Regulations Covering Living Trust Accounts
We agree with the FDIC's desire to reduce the level of confusion over
the insurance coverage afforded living trust accounts and welcome the
opportunity to provide input.
First Hawaiian Bank
prefers the insurance coverage approach taken under Alternative Two.
From our perspective, there would be less of an operational effort
required under this alternative since we wouldn't have to track the
names of the trust beneficiaries and their various interests.
Thank you for the
opportunity to submit our preference.
Very truly yours,
W.B. Johnstone, III
First Hawaiian Bank
P.O. Box 1959
Honolulu, Hawaii 96805