Clients of American banks withdrew $98.4 billion from their accounts in the week before March 15 after the bankruptcy of the investment Silicon Vally Bank (SVB) and commercial Signature Bank, CNBC reported on its website.
This was discussed at a closed meeting of the Financial Stability Oversight Council, which was attended by, among others, Treasury Secretary Janet Yellen, Chairman of the US Federal Reserve System (FRS) Jerome Powell. Also during the discussion, the participants came to the conclusion that the national banking system is in a stable state.
“The Council discussed the current conditions in the banking sector and noted that, although some institutions are experiencing stress, the US banking system remains healthy and stable,” the statement released after the meeting said.
In the first half of March, the press service of the Federal Deposit Insurance Corporation (FDIC) announced the bankruptcy of the American investment Silicon Valley Bank (SVB), which ranked 16th in terms of assets in the United States. SVB has become the largest bankrupt American bank in the last 15 years.
Last week, in New York State, the authorities closed Signature Bank due to systemic risks. This week, the press service of the Federal Deposit Insurance Corporation of the United States announced that New York Community Bank will receive most of the assets of Signature Bank.