There are lots more small banks in the US than Canada- and a number that are pretty tiny. After the 2008 crisis there were a lot of small banks that folded: ht

There are lots more small banks in the US than Canada- and a number that are pretty tiny. After the 2008 crisis there were a lot of small banks that folded: https://en.wikipedia.org/wiki/List_of_bank_failures_in_the_United_States_(2008%E2%80%93present)#2008 https://en.wikipedia.org/wiki/List_of_bank_failures_in_the_U... The FDIC apparently has a $67 billion "Deposit Insurance Fund" that holds money that it pays out the insurance from; that fund is raised from insurance premiums paid by banks. During and after the 2008 crisis the DIF got squeezed pretty hard and so they used a power to require prepayment of premiums (from healthier banks).