Pretty sure given that the Fed & Treasury are explicitly not guaranteeing deposits in excess of $250K at smaller banks things are less stable now than we thought they were in Jan.

To be clear, there is no official policy that all deposits are insured with no limit. That might be the practical policy for the most part, but if that description is incorrect. https://www.cnbc.com/2023/03/16/svb-signature-bank-failures-yellen-says-us-banking-system-is-stable-and-deposits-remain-safe.html

@jack I was under the impression that they are raising the premiums banks pay to the FDIC to cover all deposits held by a given institution, but you are probably correct that the policy is still officially in the works.

@BTE Pretty sure that they aren't doing that. They are raising the premiums to meet existing statutory requirements: https://www.fdic.gov/news/press-releases/2022/pr22073a.pdf

I think unlimited coverage would likely be a good thing (with stricter regulations to go along with it), but I haven't heard any indication that there's movement towards that.