Lots of U.S. residents undoubtedly spent the weekend, post the IndyBank takeover by the FDIC, checking to see if their desposits are FDIC-insured. The upshot: You are, of course, so long as you are with an FDIC-insured bank, and so long as your deposits are less than $100,000 (or $250,000 if it’s a retirement account).
Here is the interesting thing. How many people have over $100,000 in their bank savings account? In other words, how many people, despite being at FDIC insured institutions, do not have full account coverage? The U.S. has a $6.881-trillion on deposit with banks, but only $4.241-trillion is insured. In the case of IndyMac something like $1-billion deposits was uninsured.
Here is a graph showing same from the WSJ: