@Magoo1949, The Dodd-Frank Act of 2010 made permanent the increase in the deposit amount covered by FDIC insurance to $250,000. Immediately prior to the financial crisis of 2008-2009, FDIC insurance covered only up to $100,000 of a member’s deposits. In late 2008, as the crisis unfolded, that amount was temporarily increased to $250,000 under the Emergency Economic Stabilization Act of 2008. In 2010 Dodd-Frank made that permanent.
Of course, Dodd-Frank enhanced the powers of the FDIC and other federal regulators in a number of ways, and made other changes, in an attempt to stabilize and strengthen the US financial system as a whole, which had an indirect impact on the safety of deposits. For example, under section 334 of the Dodd-Frank Act, the FDIC imposed a surcharge on the quarterly assessments of institutions with total consolidated assets of $10 billion or more, such as USAA Federal Savings Bank, to increase the reserve ratio of the Deposit Insurance Fund from 1.15 percent to 1.35 percent, in order to increase the funds available to insure US bank deposits. However, the permanent increase of the insurance coverage limit had the most direct impact on member deposits. ~DC