According to Application 7.2, "Am I Covered?,"if your bank fails and it is insured by the FDIC:

Question

Quizplus · Accepted Answer

The FDIC insures deposits up to $250,000 per depositor, per insured bank, for each account ownership category. If you have one $300,000 checking account in your name at a failed FDIC-insured bank, you will be insured for up to $250,000, leaving $50,000 uninsured. Options B and C are incorrect because the FDIC does not insure amounts over $250,000 in a single account ownership category and does not insure physical assets like treasury securities or gold in safe deposit boxes.