There are so many FDIC links at fdic.gov, but the following is supposed to be the most comprehensive and up-to-date FDIC info source that will likely be found online, for most of us concerned about FDIC insurance coverage:
https://www.fdic.gov/resources/deposit-insurance/brochures/insured-deposits/
The downloadable “High Resolution PDF” file is also comprehensive - but it has, near the top of its first page, an alert that includes a link . . . that actually leads to the link I used, immediately above.
The link’s info has a lot of info, and so does the PDF file. Each source has several illustrations and examples.
I used TinyURL.com to create a shorter version of the FDIC link to the FDIC “High Resolution PDF” file - so that smaller Internet browser windows are not overwhelmed:
A couple of things worry me about SVB now that the dust is starting to settle.
FDIC accounts are insured up to $250,000, many of the accounts SVB have far more than $250,000 in them, we now hear accounts are going to be made whole even the parts over $250,000. I’ve heard estimates that amounts to over 160 billion at SVB alone.
WE also hear government officials saying this is not a bailout, IMO clearly it is a bailout. In the span of 2-3 days the $250,000 insured amount has gone away now it’s unlimited, in the case of SVB it could be 160 billion, what happens if some day it’s Bank of America or some other money center bank, when the amount is hundreds of billions or trillions that gets made up or 5-10 smaller banks all go under and the amount need to make everyone whole is off the charts.
Many thanks!!!