Is There Any Guarantee That All the Banks in Oklahoma Will Be Covered?

The only banks that have that insurance are these two big to fail banks or in the case of Silicon Valley Bank or Signature Bank. The reason they got the guarantee according to Janet Yellen is that a super majority of the members of the FOMC and her, the Treasury Secretary all agreed that this was a special situation. If your bank isn't systemically important but it fails, well, we're only going to cover you to 250. Now if they have under 250, okay, that's covered. But small businesses or wealthier individuals that were doing business with these smaller banks could be much sounder than some of these gigantic banks that are now too big to fail or systemically important,.