Has anyone analyzed the balance sheet of Equity Trust Company?

[Pat Bahn]

I'm not much of an accountant, not like a real CPA but, i was wondering, I went and looked at opening an account at Equity trust company www.trustetc.com. SO as part of due diligence, I asked them for documentation and they sent me a 'Safety and security" package,
which included their balance sheet.

one thing i don't understand

it lists some $57M as customers accounts, but there is no offsetting liability for custumer obligations.

do i just not understand trust company accounting?

i can email the sheet to anyone who is interested

[George P.]

Originally posted by Luc M.:

I couldn't find them under the "Find Bank" function on the FDIC website:

FDIC Find Bank?

You might want to check with them in which bank they will hold your money, that will be the bank that insures your account up to 250k