This phenomenon would be far worse had not the FDIC extended unlimited insurance coverage to non-interest-bearing deposit accounts through the end of 2012.

FORBES: We Need QE3 Like We Need A (Jackson) Hole In The Head

The FDIC will also expand deposit insurance for non-interest-bearing transaction accounts used by many small businesses.

FORBES: The Ownership Society

The FDIC also said it would provide unlimited deposit insurance for non-interest-bearing accounts, which are mainly used by small businesses to cover payrolls and other expenses.

NPR: Some Banks Hoarding Bailout Money