| Code |
Illustrative description |
| SGL |
Single Account (12 CFR 330.6):
An account owned by one person with no testamentary or
“payable-on-death” beneficiaries. It includes individual accounts,
sole proprietorship accounts, single-name accounts containing
community property funds, and accounts of a decedent and accounts
held by executors or administrators of a decedent's estate. |
| JNT |
Joint Account (12 CFR 330.9):
An account owned by two or more persons with no testamentary or
“payable-on-death” beneficiaries (other than surviving co-owners)
An account does not qualify as a joint account unless: (1) All
co-owners are living persons; (2) each co-owner has personally
signed a deposit account signature card (except that the signature
requirement does not apply to certificates of deposit, to any
deposit obligation evidenced by a negotiable instrument, or to any
account maintained on behalf of the co-owners by an agent or
custodian); and (3) each co-owner possesses withdrawal rights on
the same basis. |
| REV |
Revocable Trust Account (12
CFR 330.10): An account owned by one or more persons that evidences
an intention that, upon the death of the owner(s), the funds shall
belong to one or more beneficiaries. There are two types of
revocable trust accounts: |
|
(1) Payable-on-Death Account
(Informal Revocable Trust Account): An account owned by one or more
persons with one or more testamentary or “payable-on-death”
beneficiaries. |
|
(2) Revocable Living Trust
Account (Formal Revocable Trust Account): An account in the name of
a formal revocable “living trust” with one or more grantors and one
or more testamentary beneficiaries. |
| IRR |
Irrevocable Trust Account (12
CFR 330.13): An account in the name of an irrevocable trust (unless
the trustee is an insured depository institution, in which case the
applicable code is DIT). |
| CRA |
Certain Other Retirement
Accounts (12 CFR 330.14 (b)-(c)) to the extent that participants
under such plan have the right to direct the investment of assets
held in individual accounts maintained on their behalf by the plan,
including an individual retirement account described in section
408(a) of the Internal Revenue Code (26 U.S.C. 408(a)), an account
of a deferred compensation plan described in section 457 of the
Internal Revenue Code (26 U.S.C. 457), an account of an individual
account plan as defined in section 3(34) of the Employee Retirement
Income Security Act (29 U.S.C. 1002), a plan described in section
401(d) of the Internal Revenue Code (26 U.S.C. 401(d)). |
| EBP |
Employee Benefit Plan Account
(12 CFR 330.14): An account of an employee benefit plan as defined
in section 3(3) of the Employee Retirement Income Security Act (29
U.S.C. 1002), including any plan described in section 401(d) of the
Internal Revenue Code (26 U.S.C. 401(d)), but not including any
account classified as a Certain Retirement Account. |
| BUS |
Business/Organization Account
(12 CFR 330.11): An account of an organization engaged in an
`independent activity' (as defined in § 330.1(g)), but not an
account of a sole proprietorship. |
|
This category includes: |
|
a. Corporation Account: An
account owned by a corporation. |
|
b. Partnership Account: An
account owned by a partnership. |
|
c. Unincorporated Association
Account: An account owned by an unincorporated association (i.e.,
an account owned by an association of two or more persons formed
for some religious, educational, charitable, social, or other
noncommercial purpose). |
|
GOV1-GOV2-GOV3 |
Government Account (12 CFR
330.15): An account of a governmental entity. |
| GOV1 |
All time and savings deposit
accounts of the United States and all time and savings deposit
accounts of a state, county, municipality, or political subdivision
depositing funds in an insured depository institution in the state
comprising the public unit or wherein the public unit is located
(including any insured depository institution having a branch in
said state) |
| GOV2 |
All demand deposit accounts of
the United States and all demand deposit accounts of a state,
county, municipality, or political subdivision depositing funds in
an insured depository institution in the state comprising the
public unit or wherein the public unit is located (including any
insured depository institution having a branch in said state) |
| GOV3 |
All deposits, regardless of
whether they are time, savings or demand deposit accounts of a
state, county, municipality or political subdivision depositing
funds in an insured depository institution outside of the state
comprising the public unit or wherein the public unit is
located. |
| MSA |
Mortgage Servicing Account (12
CFR 330.7(d)): An account held by a mortgage servicer, funded by
payments by mortgagors of principal and interest. |
| PBA |
Public Bond Accounts (12 CFR
330.15(c)): An account consisting of funds held by an officer,
agent or employee of a public unit for the purpose of discharging a
debt owed to the holders of notes or bonds issued by the public
unit. |
| DIT |
IDI as trustee of irrevocable
trust accounts (12 CFR 330.12): “Trust funds” (as defined in §
330.1(q)) account held by an insured depository institution as
trustee of an irrevocable trust. |
| ANC |
Annuity Contract Accounts (12
CFR 330.8): Funds held by an insurance company or other corporation
in a deposit account for the sole purpose of funding life insurance
or annuity contracts and any benefits incidental to such
contracts. |
| BIA |
Custodian accounts for
American Indians (12 CFR 330.7(e)): Funds deposited by the Bureau
of Indian Affairs of the United States Department of the Interior
(the “BIA”) on behalf of American Indians pursuant to 25 U.S.C.
162(a), or by any other disbursing agent of the United States on
behalf of American Indians pursuant to similar authority, in an
insured depository institution. |
| DOE |
IDI Accounts under Department
of Energy Program: Funds deposited by an insured depository
institution pursuant to the Bank Deposit Financial Assistance
Program of the Department of Energy. |