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A comment on JPMorgan Chase Bank Assumes All the Deposits of First Republic Bank. Parent comment

Re:JPMorgan Chase Bank Assumes All the Deposits of First Rep... by aero-glide2 on Monday May 01, 2023 @06:34AM (#35770993)
"The FDIC is not supported by public funds; member banks' insurance dues are its primary source of funding."
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Re:JPMorgan Chase Bank Assumes All the Deposits of First Rep... by ceejayoz on Monday May 01, 2023 @07:39AM (#35771435)
The FDIC is not normally supported by public funds.

If it ran out of money, it's nearly certain the government would step in to cover the shortfall.

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