The Hilliard Lyons Bank Deposit Program Disclosure Document

Hilliard Lyons, as custodian. However, FDIC regulations permit “pass-through” insurance coveragefor funds being held in a representative or custodial capacity so long as certain requirements are met.Thus, while the account holds the funds of several Hilliard Lyons clients, each client’s interest in theProgram account will be afforded separate FDIC Insurance coverage, up to the maximum permitted bylaw, assuming certain requirements are met. Hilliard Lyons and PNC Bank have taken all necessarysteps to comply with such FDIC regulations so that individual interest will be afforded pass-throughinsurance coverage.The limitations on FDIC coverage apply to your deposits, whether made by you individually onyour own or through the Program. If you have or make a deposit on your own with PNC Bank,Hilliard Lyons would not be aware of these deposits. For the purpose of calculating your FDICcoverage, you must aggregate all deposits that you maintain with PNC Bank in the sameinsurable capacity, including deposits you hold directly with PNC Bank and deposits you holdthrough Hilliard Lyons and other intermediaries. By way of example, any funds swept into adeposit account at PNC Bank through the Program will be aggregated with any CDs issued toyou by PNC Bank and held in the same insurable capacity. You are responsible for monitoringthe total amount of deposits that you have at PNC Bank and through the Program for purposesof calculating your FDIC coverage.In the unlikely event that payments under the federal deposit insurance program become necessary,payments of insured deposits will be made by the FDIC, or the deposit may be assumed by anotherinstitution. However, there is no specific time period during which the FDIC must make insurancepayments available. Furthermore, you may be required to provide certain documentation to the FDICbefore insurance payments are made.Questions About FDIC Deposit Insurance Coverage.You may wish to seek advice from your own attorney concerning FDIC Insurance coverage ofdeposits held in more than one capacity. You may also obtain information by contacting the FDIC,Division of Supervision and Consumer Protection, by letter (550 17th Street, N.W., Washington,D.C., 20429), or by phone (877.275.3342, 800.925.4618 TDD), by email (dcainternet@fdic.gov), orby accessing the FDIC website at www.fdic.govSIPC Coverage and Money Market Mutual Fund Features.SIPC is a nonprofit membership corporation created by the Securities Investor Protection Act of 1970,funded primarily by its member’s securities brokerage firms registered with the U. S. Securities andExchange Commission. SIPC provides protection against custodial risk to clients of securitiesbrokerage firms, such as Hilliard Lyons, in the event such firms become insolvent. Unlike FDICinsurance, SIPC does not insure against the loss of your investment. Nor does SIPC insurance insurethe quality of investments or protect against a decline or fluctuations in the value of your investments.SIPC protects against the loss of client securities and cash up to a total of $500,000 (of which up to$100,000 may be cash) per client under SIPC rules. In the event the SIPC limits are not sufficient,Hilliard Lyons has purchased additional protection up to $100,000,000 firm aggregate through a thirdparty insurance carrier. Similar to SIPC protection, this coverage protects your securities, moneymarket fund shares and cash held by Hilliard Lyons should Hilliard Lyons be required to liquidate.Unlike the money market fund shares held in your Hilliard Lyons Account, balances in the bankdeposit accounts are not covered by SIPC or the additional insurance discussed above, but isguaranteed by the FDIC, subject to certain limitations. If you have questions about SIPC coverage andadditional coverage provided through Hilliard Lyons, ask your Hilliard Lyons financial consultant fordetails. You may also obtain information about SIPC coverage, including a brochure that describesSIPC and SIPC insurance, by accessing the SIPC Web site at www.sipc.org.Other TermsAbandoned Accounts.Hilliard Lyons and PNC Bank may be required by law to turn over (escheat) funds in the bankdeposits account to a state, typically your state of residence, based on inability to locate you, asrequired by applicable state law. If funds are remitted to the state, you may file a claim with the stateto recover the funds.Transferability.