Federal Reserve and the Exchange Stabilization Fund
Silicon Valley Bank’s failure will be scrutinized and is somewhat unique due to its exposure to tech start-ups. Signature Bank was known for exposure to the Crypto markets. In response to the failures, the Federal Reserve has announced making additional capital available to “eligible financial institutions” to ensure that depositors can withdraw funds. As of the date of this writing, the Fed has committed $25 Billion from the Exchange Stabilization Fund.
