> The transfer of all the deposits was completed under the systemic risk exception approved earlier today. All depositors of the institution will be made whole.

> The transfer of all the deposits was completed under the systemic risk exception approved earlier today. All depositors of the institution will be made whole. Signature was #32 by total assets. By other Treasury pronouncements, only #1-#4 were "systemically important". One's head spins ... https://banks.data.fdic.gov/bankfind-suite/financialreporting?establishedEndRange=3%2F12%2F2023&establishedStartRange=01%2F01%2F1792&inactiveEndRange=3%2F12%2F2023&inactiveStartRange=01%2F01%2F1970&incomeBasis=YTD&institutionType=banks&limitEstablishedDate=false&limitInactiveDate=false&pageNumber=2&reportPeriod=20221231&resultLimit=25&sortField=ASSET&sortOrder=DESC&unitType=%24 https://banks.data.fdic.gov/bankfind-suite/financialreportin... > No losses will be borne by the taxpayers. None except those with bank accounts, who can expect higher fees as the balance sheet losses are recovered by what is effectively a systemwide tax on all banks. > Any losses to the Deposit Insurance Fund (DIF) to support uninsured depositors will be recovered by a special assessment on banks, as required by law.