They still get a certificate for the rest which they could potentially get loan in the market against it. the loan maybe say only up to 75c on the dollar that

They still get a certificate for the rest which they could potentially get loan in the market against it. the loan maybe say only up to 75c on the dollar that would mean 87.5% of deposits available within a week or so. It would still hurt but 12.5% of your cash is going to be do or die , you already have survival problems to worry about .