FDIC returned $40 bln in U.S. Treasury funds, reversing withdrawal after SVB takeover

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.)