The FDIC has what percent in reserves backing deposits?

Question

The FDIC has what percent in reserves backing deposits?

Answer 1

the FDIC is a government institution.  first when banks are failing the FDIC trys to get another institution to take the bank over.  if this cannot be done and there is a failure the tax payers pay the bill. you and i

Answer 2

I've read somewhere that FDIC has only $53 billion in its reserves.  But FDIC insurance covers well over $4 trillion dollars in bank deposits.  Which means that FDIC has 1.25% in reserves to back all of the insured deposits.

For IndyMac FDIC is expected to shell out $8 billion.  A few more bank failures like that.  And FDIC will be insolvent.

"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."

http://globaleconomicanalysis.blogspot.c...

Perhaps the US government would try to come to the rescue, should FDIC fail.  But the US government doesn't have any money of its own.  It already is drowning in debts of its own.  And the question is, would the foreigners be willing to lend the US government all those trillions of dollars in order to rescue US banks?

What would that kind of borrowing do to the US government's ability to repay all these debts?  How high can they raise US taxes before the US economy goes into Depression?