Even after the $4 million-$8 million takeover of the IndyMac Bank the FDIC has a record $53 billion on hand, FDIC Chairwoman Sheila Bair told CNN.

"There will be increased failures but it will be within range of what we can handle," Bair said, attempting to alleviate concerns of bank customers and taxpayers. "People should not worry."

IndyMac's problems will mean increased premiums for banks and more institutions may be expected to go down in troubled economic waters. But most financial experts agree that the FDIC is well-positioned to weather the storm."

"Most of the banks likely to fail are smaller institutions that will cost the FDIC very little to resolve," Jaret Seiberg, a Stanford Group financial services analyst, said to CNN.