FDIC Insurance Guide Updated

FDICThe Federal Deposit Insurance Corporation (FDIC) has updated the Financial Institution Employee’s Guide to Deposit Insurance. The Guide is designed primarily as a resource for bank employees to understand the FDIC’s rules and requirements for deposit insurance coverage so they can assist depositors in understanding FDIC deposit insurance coverage. The latest version of the Guide contains numerous examples for determining deposit insurance coverage for all deposit insurance ownership categories and contains a variety of scenarios regarding informal and formal revocable trusts to address common situations and clarify misconceptions associated with these two ownership categories.

The updated version of the Financial Institution Employee’s Guide to Deposit Insurance is available as a PDF on the FDIC website.

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