§330.13. Reserved — Inbound Citations
12 C.F.R. § 330.13
Statutory Authority
Cited by 2 regulations in release Current.
Citations to 12 C.F.R. § 330.13 as a whole
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(a) Funds owned by a principal or principals and deposited into one or more deposit accounts in the name of an agent, custodian or nominee, shall be insured to the same extent as if deposited in the name of the principal(s). When such funds are deposited by an insured depository institution acting as a trustee of an irrevocable trust, the insurance coverage shall be governed by the provisions of § 330.13.
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(iii) An irrevocable trust that would be insured as described in 12 CFR 330.13.