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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 ericd on Monday March 13, 2023 @08:57AM (#35135073)
It’s deposit volume rather than number of accounts that are over $250k. I’m sure that most of the accounts are <$250k, but a single $1m account accounts weighs the same as 100 $10k accounts.
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Re:Joint Statement by the Department of the Treasury, Federa... by dwighttk on Monday March 13, 2023 @09:20AM (#35135326)
But why is anyone holding $1M in an account insured up to $250K?
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Re:Joint Statement by the Department of the Treasury, Federa... by ericd on Monday March 13, 2023 @10:06AM (#35135881)
Many companies pay out their workers more than $250k per pay period.
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Re:Joint Statement by the Department of the Treasury, Federa... by ZiiS on Monday March 13, 2023 @10:11AM (#35135936)
If you have 100+ employees for payroll.
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