the ongoing banking crisis is unnerving americans in a way that hasn’t been seen since the great recession according to a new poll nearly half of people are worried about their money’s safety in banks gallup pollsters said as a new round of regional bank anxiety swirled around more banks including pacwest bancorp pacw and western alliance bancorp wal  in gallup’s poll the 48 of people who said they were worried about their deposits consisted of 19 who said they were “very worried” and 29 who said they were “moderately worried” pollsters spoke to people in april a month after a bank run pulled down silicon valley bank and signature bank failed shortly after that on may 1 jpmorgan chase  co jpm acquired all deposit accounts and most of the assets from the shuttered first republic bank first republic bank had 213 billion in consolidated assets making it the country’s second largest bank failure behind washington mutual which had 307 billion in consolidated assets washington mutual failed in september 2008 and jpmorgan acquired it as well in september 2008 45 of people told gallup they were “very” or “moderately worried” about their money that’s three percentage points lower than the latest poll the current moment puts jittery bank customers in an awkward spot even if more people are nervous about the safety of their money interest rates that banks are offering on savings accounts and cds might be at their peak  deposits are insured up to 250000 it’s not clear how much of the worry comes from unfamiliarity with depositguarantee rules or if it’s worry about a deeper systemic risk for the banking system gallup notes to be sure other polls point to the latter nearly three in ten people 29 said they were “very concerned” about banking stability according to a jd power survey last month at the same time 19 said they were very concerned about the stability of their own primary bank the federal insurance deposit corporation insures deposit accounts up to 250000 the national credit union administration offers the same coverage up to 250000 on the deposit accounts offered by credit unions this account coverage includes checking accounts savings accounts and certificates of deposits cds depositaccount insurance temporarily climbed to 250000 from 100000 in october 2008 the 250000 coverage limit became permanent in 2010 after silicon valley bank and signature bank shuttered depositors got access to all of their money even the amounts above the 250000 threshold as the federal reserve increased interest rates to address skyrocketing inflation silicon valley bank was sitting on paper loses from the high quality ratesensitive investments while depositors wanted their money back in early march as early as 2021 federal reserve regulators said they were cautioning silicon valley bank management about the bank’s exposure to rising interestrate exposure the banking sector is “sound and resilient” and conditions have improved since early march federal reserve chairman jerome powell said wednesday after announcing the 10th straight interestrate increase ‘running out of time’ to fix problem on the flip side critics like hedge fund titan bill ackman ceo of pershing square capital management say “we are running out of time to fix this problem” there has to be “a systemwide deposit guarantee regime now” he said earlier this week the fdic recommended that lawmakers should raise the accountcoverage cap on business payroll accounts on thursday morning investors were gauging what’s next for banks western alliance said in a statement it was “categorically false” that it was eyeing a sale denying a report from the financial times as a whole regional bank stocks remained under pressure the spdr sp regional banking etf kre was off more than 5 while the dow jones industrial average djia was down by more than 300 points or 09 the sp 500 spx and the nasdaq composite comp were lower by 06 and 03 respectively