[srmanuel]

For individual depositors, I thought the amount was 250k which was insured. Although I wonder if the FDIC has the reserves to live up to their obligations.

[linMcHlp]

Are My Deposit Accounts Insured by the FDIC?

https://www.fdic.gov/resources/deposit-insurance/financial-products-insured/

FDIC insurance covers traditional deposit accounts, and depositors do not need to apply for FDIC insurance. Coverage is automatic whenever a deposit account is opened at an FDIC-insured bank or financial institution. If you are interested in FDIC deposit insurance coverage, simply make sure you are placing your funds in a deposit product at the bank.

The information below briefly describes the various deposit products offered, the FDIC ownership categories and their applicable insurance coverage limit. For more detailed information about your specific situation, you can use the Electronic Deposit Insurance Estimator (EDIE). You can also visit the FDIC Information and Support Center to submit a request for deposit insurance coverage information or call 1-877-ASK-FDIC (1-877-275-3342) to ask any other specific deposit insurance questions.

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For single account holders (for example, having 1 checking account plus 1 savings account), scroll down to "Single Account" at the FDIC website link and click on the right arrow, to reveal:

"A deposit account owned by one person, without named beneficiaries, including:

Checking accounts

Savings accounts

Money market deposit accounts"

Coverage Limit: All single accounts owned by the same person at the same bank are added together and insured up to $250,000.

[Valpal1]

For the first few that fail, they do. But if more continue to fail or if it’s a major player, it will be bailout time again.

It’s the FDIC’s job to interrupt the dominos as early as possible. Economic illiterates and fantasists in the democratic party might make it impossible to avoid the crash. The fantasists want the crash because the believe they are the ones who will pick up the pieces and usher in their longed for new world order/ global reset.

I tend to think that they will be unpleasantly surprised.

[It Aint Easy]

Bigger question is will they fire up the printers or not. Reserves don’t matter these days.

[Night Hides Not]

Where does crap like your comments come from? Not only does the FDIC receive payments from banks for their deposit insurance, they have access to a $750 billion credit line from the Treasury.

There have been 4-5 banks closed in the last 5 years, I’m sure they have ample funds to pay insured depositors.

[Vermont Lt]

The FDIC will be fine.