3 ms·

They could cash out everyone's account from the Scrooge McDuck pile of gold in the vault?

• astrange 11mo ago
  Up to $250k per account yes. The bank would fail but you'd get it over the weekend.
  • dingaling 11mo ago
    The FDIC currently holds a reserve of 1.28% of deposits. It can handle a single bank run, but not a widespread one.
    • astrange 11mo ago
      They don't usually touch the reserve. They tell a bigger bank to buy them over the weekend and back it up. Afterwards they can use that, charge the other member banks or reopen: https://www.federalreserve.gov/financial-stability/bank-term-funding-program.htm https://www.federalreserve.gov/financial-stability/bank-term...