Re:Yellen says government will help SVB depositors but rules...
by smugma on Sunday March 12, 2023 @11:27AM
(#35121186)
“Only six months after the creation of the FDIC, government leaders realized the initial $2,500 limit was not enough to effectively support the banking system. So, on July 1, 1934, the FDIC limit was doubled to $5,000.”
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