[rabidonrails]

I believe that Schwab is not a money center bank. The money center banks have federal requirements to keep a large amount of their cash liquid. In this case that's providing them converage because this bank run wouldn't really have a devastating effect on them. Examples of the money center banks are Chase, BofA, WFC, and Citigroup.

The regulations that required that cash had been, in the past, seen as a detriment to the banks and people argued that the regionals would be strangled if they had the same requirements.

Right now specifically, it's not great to be really large but not a money center bank.