There is roughly $6.84 Trillion in bank deposits. $2.60 Trillion of that is uninsured. There is only $53 billion in FDIC insurance to cover $6.84 Trillion in bank deposits. Indymac will eat up roughly $8 billion of that.
Of the $6.84 Trillion in bank deposits, the total cash on hand at banks is a mere $273.7 Billion.
Source: MISH'S Global Economic Trend Analysis
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