-——makes me wonder where the actual currency for my savings,-——
First, money does not exist. Your money and all other money exists as entries on an electronic ledger. The currency you think is money is merely a representation of blips on a very big ledger.
Accounts are settled these days by zapping part of your entry to some other ledger instantaneously electronically.
That was my conclusion - and I found it astonishing.
So, the FDIC is the entity that I depend on if I want to withdraw all my assets (from the bank) in cash?