# 12 CFR § 745.9-1: Trust accounts

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-745.9-1

## Section

- **Citation:** 12 CFR § 745.9-1
- **Heading:** Trust accounts
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER VII—NATIONAL CREDIT UNION ADMINISTRATION > SUBCHAPTER A—REGULATIONS AFFECTING CREDIT UNIONS > PART 745—SHARE INSURANCE AND APPENDIX > Subpart A—Clarification and Definition of Account Insurance Coverage

## Text

Link to an amendment published at 89 FR 79415, Sept. 30, 2024.
(a) For purposes of this section, “trust” refers to an irrevocable trust.
(b) All trust interests (as defined in § 745.2(d)(4)), for the same beneficiary, deposited in an account and established pursuant to valid trust agreements created by the same settlor (grantor) shall be added together and insured up to the SMSIA in the aggregate, separately from other accounts of the trustee of such trust funds or the settlor or beneficiary of such trust arrangements.
(c) This section applies to trust interests created in Coverdell Education Savings Accounts, formerly Education IRAs, established in connection with section 530 of the Internal Revenue Code (26 U.S.C. 530).
[51 FR 37560, Oct. 23, 1986, as amended at 65 FR 34924, June 1, 2000; 68 FR 75114, Dec. 30, 2003; 71 FR 14636, Mar. 23, 2006]

## Nearby sections

- [12 CFR § 745.0 § 745.0 Scope.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.0.md)
- [12 CFR § 745.1 § 745.1 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.1.md)
- [12 CFR § 745.2 § 745.2 General principles applicable in determining insurance of accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.2.md)
- [12 CFR § 745.3 § 745.3 Single ownership accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.3.md)
- [12 CFR § 745.4 § 745.4 Revocable trust accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.4.md)
- [12 CFR § 745.5 § 745.5 Accounts held by executors or administrators.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.5.md)
- [12 CFR § 745.6 § 745.6 Accounts held by a corporation, partnership, or unincorporated association.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.6.md)
- [12 CFR § 745.7 § 745.7 Shares accepted in a foreign currency.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.7.md)
- [12 CFR § 745.8 § 745.8 Joint ownership accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.8.md)
- [12 CFR § 745.9-1 § 745.9-1 Trust accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.9-1.md)
- [12 CFR § 745.9-2 § 745.9-2 Retirement and other employee benefit plan accounts.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.9-2.md)
- [12 CFR § 745.10 § 745.10 Accounts held by government depositors.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.10.md)
- [12 CFR § 745.11 § 745.11 Accounts evidenced by negotiable instruments.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.11.md)
- [12 CFR § 745.12 § 745.12 Account obligations for payment of items forwarded for collection by depository institution acting as agent.](https://www.frixlaw.com/law-library/statutes/ecfr-12-745.12.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-745.9-1. Check the current official text before relying on it. Not legal advice.