In a joint statement with the US Treasury, the Federal Reserve System (FRS) and the US Federal Deposit Insurance Commission, it promised all SVB depositors access to deposits starting Monday, March 13. TASS.
“After receiving advice from the Deposit Insurance Commission and the Fed and consulting the President, Secretary Yellen approved actions that would enable the Federal Deposit Insurance Commission to complete the Silicon Valley Bank decision in a way that fully protects all depositors. Contributors will have access to all of their funds from Monday, March 13.
It was learned that the previously bankrupt Silicon Valley Bank was acquired. priority For the U.S. Treasury and the Federal Deposit Insurance Corporation (FDIC).
The US government is hastily looking for opportunities to protect SVB customers’ assets in excess of $250,000 – these are not covered by the federal government’s usual guarantee, according to the channel, which relied on sources from two departments.