[Night Hides Not]

I worked at the FDIC during the last bank crisis. I don’t recall one instance where the insurance cap was waived. If there are any funds left over after paying insured depositors, then a process is set up where uninsured depositors may file a claim.

[Rockingham]

Perhaps that is what I had in mind. I do not fully trust my memory on the subject. My experience in the banking field is stale, a couple of years as a lawyer on the staff of a state banking regulator in the mid-80s. It was an eventful period in banking and included the inception of the S&L crisis.