What the Fed Did After Silicon Valley Bank and Signature Bank

The problem is largely concentrated in the biggest 30 banks in the US. The story they're trying to pump is that small banks, medium banks, dangerous get into big banks and that's totally false. When the Fed added $5 trillion of pandemic QE to the retail banking system, the vector for those deposits was largely the large banks. Community banks can't take that kind of volume. That's why your problem now is concentrated in the really big banks.