Almost 46% of FDIC Deposits Are Uninsured

Bianco Research  •  Charts of the Week  •  September 23, 2022

The chart below shows the percentage of FDIC deposits that are uninsured. Currently, the FDIC insures all checking and savings deposits up to $250,000 per depositor, per insured bank.

From October 2008 to Q4 2012 the FDIC responded to the financial crisis by temporarily insuring 100% of all non-interest bearing deposits. This period, which is denoted in the shaded region in the chart below, clearly helped insure a much larger percentage of money. Once the guarantee was removed, however, the percentage of uninsured deposits shot up to over 40%. In the second quarter of 2022, almost 46% of all deposits were uninsured.