Just to give you my sources on this claim, which would otherwise seem a bit far out, check out The financial stability board for the G20 latest statement on this, especially page 5 and 7. Implementation details of this in Canada, see pages 144 and 145. The corresponding agreement paper from the US FDIC and the Bank of England. Keep in mind that this means ALL depositor funds, makes no difference if individual, corporate, 401k, IRA, etc. This means ANY ASSET! held by these large institutions.