[IG_Semmelweiss]

Thats not true. It was said elsewhere in HN thread and also in several articles online.

The majority of avg deposits were NOT < 250K.

Only 3-7% of SVB accounts under FDIC limits.

Edit: corrected to have specific languange

[giaour]

Where did the 3-7% of accounts number come from?

According to [0], regulatory filings disclosed that 85% of deposits (not accounts) were uninsured.

[0]: https://time.com/6262009/silicon-valley-bank-deposit-insuran...

[IG_Semmelweiss]

their 12/31 10k.

no one knows what it was as of 3.10.23

[bostik]

I'm going to copy-paste a good chunk of my answer from an earlier thread. (Original: https://news.ycombinator.com/item?id=35101797) - the article "The Demise of Silicon Valley Bank" wasn't on the front page long, probably because it was slightly dry and didn't provide any new hot take angles. But it did give out actual numbers:

> As at the end of 2022, it had 37,466 deposit customers, each holding in excess of $250,000 per account -- and -- The bank does have another 106,420 customers whose accounts are fully insured but they only control $4.8 billion of deposits

So SVB had only about ~150k banking customers. And of those, less than 40k are actually affected by this debacle.

-- -- -- --

The numbers are being mixed up, it feels. Only 3% of total deposits are covered witn the guaranteed FDIC insurance. The rest are spread across less than 40k depositors. And the average (not median, but plain mathematical average) amount on those accounts appears to be $4M.

[rtpg]

I think this is referring to other banks, not SVB’s special case.

[sithlord]

I am stating for prior fails, the number from SVB was that only ~3% were insured. Which was my point, that in the past, there wern't as many e(a)ffected (and they (uninsured) could have received special treatment for all I know).

[wheelerof4te]

Hey, the FDIC coould raise the limit to, say, 10 million, and just let the FED reserve print out the moneys to everyone.

Not much different than what the US government is already doing. Reached the debt limit? Just raise it again, lol.

/s