I've started playing with #FDIC data to check some of my thoughts about the #SVB failure. Given that SVB had less than 10% of its balances below the FDIC limit, one obvious question to ask was:
"What is the distribution of covered balances across other banks?"
I think this is the answer:
"Most other banks have about 75% of the balances covered"
There are probably lots of interesting details and nuances here ... more to come later.
Data came from here:
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