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Each depositor insured to at least $250,000 per insured bank

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FDIC Federal Register Citations


From:  John Fowler
Sent:  Friday, August 22, 2003 3:05 PM
To:     Comments
Subject: FDIC Insurance Coverage for Living Trust Accounts

I have reviewed the two alternate proposes for FDIC coverage for living trust accounts.  I think ALTERNATE PROPOSAL ONE is the best choice.  I recommend the FDIC insurance be based on each qualifying primary beneficiary.  If the primary beneficiary deceases before the trust is withdrawn from the insured account, then any named secondary beneficiaries would become primary.

Thank you for the opportunity to comment.

John A. Fowler
Senior Vice President
Athens First Bank
Last Updated 08/25/2003

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