The FDIC is insolvent. There was never a substantial fund; insurance premiums were simply deposited at the treasury. If a few more large banks fail the treasu

The FDIC is insolvent. There was never a substantial fund; insurance premiums were simply deposited at the treasury. If a few more large banks fail the treasury will have to come up with the money to cover. Odds are low that the usual customers for treasury debt will want to help (China, et al), so the Treasury will have to collude with the Fed to print up the money to cover. Which means inflation. Another thing to keep in mind is that in the event of bank failure you have no legal guarantees of a timely refund from the FDIC. They may take many months to reimburse you. In any case, there are much safer ways to store your money than at a bank. Directly own equities, such as GLD and currency ETFs. Directly own treasury bills and notes. If your brokerage goes under, or even if the ETF management goes under, you still own the underlying assets outright, regardless of any $100K cut-off.