FDIC returned $40 bln in U.S. Treasury funds, reversing withdrawal after SVB takeover
![FDIC returned $40 bln in U.S. Treasury funds, reversing withdrawal after SVB takeover](https://devdiscourse.blob.core.windows.net/imagegallery/27_06_2019_18_33_35_2442501.png)
The Federal Deposit Insurance Corp deposited $40 billion back into the U.S. Treasury General Account on Tuesday, reversing a $40 billion withdrawal on Friday as the regulator took control of the failed Silicon Valley Bank, Treasury financial data released on Wednesday showed.
A Treasury spokesperson referred questions about the matter to the FDIC, which could not immediately be reached for comment.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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