The Federal Deposit Insurance Corporation (FDIC) was created during the Great Depression to restore trust in the banking system by insuring deposits up to a standard limit. That protection prevents small bank runs by ensuring depositors don’t lose their core cash if a bank fails. Over time the coverage limit has been adjusted; today it’s a well-known figure that many consumers use to decide how to split funds between banks or use joint accounts and revocable trusts to extend coverage. It’s important to know the insured amount per depositor, per insured bank, per account ownership category — not per account. That distinction matters when you’re deciding whether to keep all your savings at one bank or spread them to stay fully insured. This question asks for the current standard dollar limit used by most consumer decisions when protecting deposit balances.