FDIC Insured -- backed by the full faith and trust of the US Government

FDIC: $19 billion now backs over $4.8 trillion

There’s nearly $5 trillion worth of insured deposits in the American banking system. But the FDIC’s Deposit Insurance Fund (DIF) is less than 1% of that total: $18.9 billion. And it’s falling fast, down from $52.4 billion (-64%) at the end of 2007. [Having trouble seeing the red highlighted area in the first chart? Then you see my point. I use constant dollars so readers can see the inflation-adjusted growth of insured deposits. Click to enlarge]

FDIC doesn’t have the resources to bail out the depositors of even one large failed bank, much less the entire banking system. And let’s not kid ourselves: The entire banking system remains very much at risk. Source