Notwithstanding the previous sentence, a participating FFI is not required to treat a preexisting account or account other than a preexisting account held by an individual account holder as a U.S. account if such account is a depository account that meets the exception to U.S. account status described in ?? 1.1471-5(a)(4)(i) (applying to depository accounts with a value or balance of $50,000 or le