This has been discussed here multiple times over the last 3 years.

Edit: I see you are a newer poster here so you were not here when this was discussed before.  Nothing wrong with that at all,  and was not meaning to sound arrogant on this at all. The following links to previous discussion and additional info may be helpful to expand on this topic. Many of us forget sometimes how long we have been around here and how much we have already discussed. This is a very important subject that I like to discuss and explore all the time as well. So I always try to link back to the archived postings to try and tie some of this together to newer postings on the same topics. Welcome aboard !  

2015 with graphic of FDIC shortfall

http://talk.newagtalk.com/forums/thread-view.asp?tid=536258

2014 with more links to external discussions.

http://talk.newagtalk.com/forums/thread-view.asp?tid=519727

2013 with links to FDIC and Canadian budget where this is being discussed. Very good thread with lots of details.

http://talk.newagtalk.com/forums/thread-view.asp?tid=377977

Be aware of the page references, as explained it is on 144 and 145 if you look at actual page numbers printed on the document. For some reason if you go by the page numbers at the top shown by Adobe it is on 154 and 155.

I saw the same thing when I first read it and later saw a reference to use the actual page numbers printed in the document.

Take away for me has been banks that were involved in TARP bailout should not be dealt with because they still likely have lots of derivatives exposure. I personally prefer to deal with small local banks and credit unions.

Also when you deposit money in the bank you transfer ownership of it to them and and become a unsecured creditor to the bank. You can demand the money back at any time and as long as the bank remains solvent you are okay it is when they are insolvent that the pain is felt and the fireworks begin. Fully expect a war on cash to begin soon to make sure most are trapped within the system with no recourse to confiscation and NIRP.

JMHO