Tales & Trails of a Traveling Wiseguy

Sunday morning the federal government announced that the full amount of depositors' accounts would be made available to them on Monday. I.e., the government is essentially insuring the full amount of each account rather than the standard $250,000 FDIC cap. This only applies to Silicon Valley Bank and one other bank that was taken over recently.

This makes me breathe a lot easier about the fact my employer banks at SVB. No more "Will they make payroll in 2 weeks? What about in 4 weeks?"