Examine of a question: John Doe buys a 5 year CD today for $250,000. maturing 9/21/14. up until 12/31/13 the total $250,000. is covered. What happens to the coverate on january 1, 2014?

http://www.fdic.gov/deposit/deposits/DIfactsheet.html

The standard insurance amount currently is $250,000 per depositor. The $250,000 limit is permanent for certain retirement accounts, which includes IRAs. The $250,000 limit is temporary for all other deposit accounts through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except certain retirement accounts, which will remain at $250,000 per depositor.

Hope this helps.

yes, helps greatly.