Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
other
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document explains how account activity is reported, how withdrawals are processed, and how FDIC insurance protects deposits in the IDP program. It clarifies that cash balances are not covered by SIPC but are insured by the FDIC up to certain limits.
Metadata
- Subject
- Account Information
- Sender
- —
- Recipients
- —
- Document ID
- WM179143 015105.011718
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Pershing | Agent | DBSI | Pershing acts as DBSI's agent for withdrawals. |
| Program Banks | Insured | FDIC | Deposits in Program Banks are insured by the FDIC. |
Notable Quotes 2
Cash balances deposited into the Program Banks are not covered by SIPC, which provides certain protection for cash and securities held in your brokerage account. Instead, cash deposits in the IDP are covered by insurance from the Federal Deposit Insurance Corporation, up to the FDIC Insurance Limitation.
The IDP program uses multiple Program Banks in an effort to maximize the FDIC insurance coverage of your deposits over the FDIC Insurance Limitation per Program Bank.
Financial Information
Amounts:$250,000$2.5 million
Assets:
- Cash balances deposited into the Program Banks
- Deposits in the Deposit Account(s)
Transactions:
- Deposits to and withdrawals from a Deposit Account
- Interest earned on Deposit Account balances
- Transfers of funds out of the Deposit Accounts
Legal Compliance
- Federal banking regulations require the Program Banks to reserve the right to require seven days prior notice before permitting a transfer of funds out of the Deposit Accounts.
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowLegal matters/litigation
Organizations 5
DBSIPershingFederal Deposit Insurance Corporation (FDIC)Program BanksDBTCA
Locations 1
U.S. government
Financial Entities 1
Excess Bank
Text Analysis
- Tone
- Informative
- Purpose
- To provide information about account activity, withdrawals, and FDIC insurance coverage for deposits in the IDP program.
- Significance
- This document outlines the terms and conditions related to deposit accounts, withdrawals, and insurance coverage, which is important for account holders to understand.
File Info
- File Name
- EFTA01353390.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:07.364128
- DOJ Source
- View on DOJ