On the operations side, the Dodd-Frank Act permanently raised the current standard maximum deposit insurance amount to $250,000, which had been previously raised temporarily from $100,000 to $250,000 until December 31, 2013. This insurance coverage limit applies per depositor, per insured depository institution for each account ownership category. The Act also made this increase retroactive to January 1, 2008. That means that the $250,000 deposit insurance amount applies to banks that failed between January 1 and October 3, 2008, and this has reduced the number of uninsured depositors at these failed institutions from more than 10,000 to approximately 500.