Frank has the following assets on deposit at a bank. How much of Franks's accounts are currently insured by the FDIC?

Acme Bank- Downtown Branch:

Savings Account Frank $225,000

Traditional IRA Frank $275,000

Savings Account Joint with Bob $300,000

Acme Bank-Suburban Bank

CDs Frank $75,000

Savings Joint with Bob $2,000

Bank of America

CDs Joint with Bob $500,000

Checking Frank $5,000

Money Market Mutual Fund $80,000

a) 906,000

b) 981,000

c) 986,000

d) 1,061,000