Foxes Ask:
What will happen next regarding the FDIC's standard maximum deposit insurance amount limit?
Closing Dec 28, 2023 08:01AM UTC
Amid bank failure fallout, some are suggesting that the FDIC should increase the $250,000 maximum of deposit insurance at US banks (NPR, Politico, DNYUZ, Investopedia, Cornell, see (a)(1)(E)). Specific actions taken by the Federal Reserve and/or the executive branch that have the effect of covering deposits in excess of $250,000 would not count (e.g., Federal Reserve - Joint Statement by Treasury, Federal Reserve, and FDIC). The date that legislation would take effect is immaterial.
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NOTE 20 March 2023: Legislation that would temporarily raise the standard maximum deposit insurance amount or temporarily abolish/remove the limit would not count.
NOTE 1 May 2023: Increases must be applicable to all FDIC-insured depositors to count, and a greater increase for certain classes of deposits than for others would count so long as all limits are increased.
| Possible Answer | Crowd Forecast | Change in last 24 hours | Change in last week | Change in last month |
|---|---|---|---|---|
| Legislation to increase the limit from the current $250,000 will become law | 1.72% | +0.04% | -3.16% | -3.80% |
| Legislation to abolish the limit will become law | 0.44% | +0.04% | -0.28% | -1.60% |
| Neither will occur before 28 December 2023 | 97.84% | -0.08% | +3.44% | +5.40% |