Introduction

Bloomberg Business Week at $1.5 trillion backstop for home buyers. Bloomberg says four months later, the first sign of deep trouble in US banking system this year came from a San Diego suburb. A small firm called Silver Silvergate assured investors it was weathering a run on deposits. It's lifeline was $4.3 billion from a federal home loan bank. Silicon Valley Bank, catering to venture capitalists and tech startups said it held $15 billion at an FHLB at the end of 2022.