Fdic (deposit, increase, corporation, year)

[froggin4colorado]

I hate to admit this, but I am trying to understand what FDIC really means to me. As I waiting in line at the bank this morning, I saw a nice little sign by each teller stating that there are new rules regarding FDIC and I realized how little this means to me because I didn't truly understand the original rules.
With today's economy, I can't afford to not understand. I decided I would start researching. Of course, YOU aren't my only means of understanding, so I will be doing a lot of reading but I know YOU can support me as I read.
Maybe others are in the same boat-
What does FDIC really mean and what do these new changes mean to us?

[Escort Rider]

The Federal Deposit Insurance Corporation insures your deposits up to specified limits. This means that if the bank fails, you do not lose your money. The changes probably refer to a change of the limits, which used to be $100,000 per depositor. Those limits were increased temporarily to $250,000 a couple of years ago, and now I understand that the temporary changes have been made permanent. So it's all good news, nothing for you to worry about.