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

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FDIC Federal Register Citations

Via email

From: Carol A. Welker
Sent: Wednesday, July 02, 2003 3:22 PM
To: Shirriel, Arthea B.
Subject: Proposed Rules to Clarify Living Trust Acct Ins

This e-mail is to comment on the proposed changes to the insurance
coverage of deposit accounts held in living trusts. 
Both alternatives are improvements to the current regulation, but
the second one is easier to explain to the depositor and for the
bank to keep track of. 
We are very excited that this confusing issue is being addressed.
We have many deposit accounts held in the names of living trusts.
Thank you.
Carol A. Welker
Senior V.P.
Durand State Bank
Durand, IL

Last Updated 07/03/2003

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