“the FDIC estimates that of the total cost of the failures of Silicon Valley Bank and Signature Bank, approximately $15.8 billion was attributable to the protection of uninsured depositors… The FDIC is proposing to collect special assessment at an annual rate of approximately 12.5 basis points over eight quarterly assessment periods. “

Analyst Comment: The FDIC unilaterally decides to extend deposit insurance beyond the $250k limit then bills banks for their decision. This is not a free market or a country of laws and rules. Institutions and elites make up the rules as they go.