[xmcqdpt2]

Of course, that's why SVB failed. But the FDIC doesn't need the money now (well assuming they successfully stop the dominos from falling).

[RandomLensman]

I would have thought that the deposits will leave SVB/what is left of SVB pretty soon, so the FDIC will need to cover that rather now than in the far future.

[ElevenLathe]

The point of doing this is that the deposits hopefully won't feel the need to leave. After all, the BoA account you were planning to move them to doesn't have a public letter from the Treasury Secretary saying it's insured to no limit by the FDIC.