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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by gruez on Sunday March 12, 2023 @07:00PM (#35127661)
1. FDIC reserve fund (from the premiums they collect)

2. "a special assessment" aka a tax on member banks directly

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Re:Joint Statement by the Department of the Treasury, Federa... by dodgerdan on Sunday March 12, 2023 @07:04PM (#35127733)
3. SVB’s assets. They actually have enough assets to pay, but it will take time for those bonds to mature.
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Re:Joint Statement by the Department of the Treasury, Federa... by gruez on Sunday March 12, 2023 @07:11PM (#35127836)
Having to wait for the bonds to mature is arguably a haircut. Otherwise you can for example, justify a 10% haircut by saying that you can take that 10%, buy some 5 year treasuries with it, and get back your money once those bonds mature.
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Re:Joint Statement by the Department of the Treasury, Federa... by perryizgr8 on Monday March 13, 2023 @01:34AM (#35131522)
> 2. "a special assessment" aka a tax on member banks directly

And if some bank doesn't have enough to cover everything they can get freshly printed USD courtesy of BTFP: https://www.wsj.com/livecoverage/stock-market-news-today-03-...

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