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From the FDIC release there will be an advance payment on uninsured assets within the next week. My guess is they take a week to look through the books, determ
by ncallaway 4y ago
From the FDIC release there will be an advance payment on uninsured assets within the next week.
My guess is they take a week to look through the books, determine an absolute floor for the value of assets, and use that floor to proportionately pay out uninsured depositors.
So, some additional funds will be available soon. We don't yet know how much.
The rest will probably be locked up while the process plays out. I've heard different timelines for that.