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BIBLIOGRAPHY

FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank, Santa Clara, California (PR-16-2023, March 10, 2023)

Federal Deposit Insurance Corporation

Claims Supported by This Source

  1. On March 10, 2023, Silicon Valley Bank, California, was closed by the California Department of Financial Protection and Innovation, which appointed the FDIC as receiver.
  2. As of December 31, 2022, total assets were approximately $209.0 billion and deposits were approximately $175.4 billion. At the time of closure, the amount of deposits exceeding the insurance limit had not yet been determined.

How to read the verification levels. 'Read' means the material was read in its entirety. 'Bibliography and abstract confirmed' means the bibliographic information and abstract were verified. 'Via course material' means the source was referenced through the main text of a book or a country's monetary history. The text hash is the SHA-256 of the main text from the original source page, excluding tags and whitespace, used to detect if the material has been altered.