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> And the non-insured amount will be available in branches tomorrow via the FDIC-operated DINB. Why do you believe this? The FDIC said it will provide certifi
by anon291 4y ago
> And the non-insured amount will be available in branches tomorrow via the FDIC-operated DINB.
Why do you believe this? The FDIC said it will provide certificates that you had deposits. These certificates help you make claims in court proceedings as they liquidate.
- oldgradstudent 4y agoThe FDIC said a bit more > The FDIC will pay uninsured depositors an advance dividend within the next week. The FDIC will examine the books and estimate how much of the uninsured it can pay now, and pay that as an immediate dividend. > Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds. As the FDIC sells the assets of Silicon Valley Bank, future dividend payments may be made to uninsured depositors.
- morpheuskafka 4y agoThat was a typo, I mean to say that the insured amount was available.