If you have worked hard and saved money all your life you may have over $250,000 in a bank. Or, maybe one of these days you might if you keep working and saving.

You most likely know that only $250,000 of your money is federally issued. In other words, if your bank fails you might lose any amount above $250,000. Let’s say you have a half million dollars in your bank. The assets of the bank would eventually be liquidated. If enough money was collected you might receive the rest of your half million or you might never see a penny above the federally insured amount unless you are in Silicon Valley.

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