[rcme]

It's probably better if you just read the FDIC statement: https://www.fdic.gov/news/press-releases/2023/pr23023.html

> As of March 10, 2023, Silicon Valley Bridge Bank, National Association, had approximately $167 billion in total assets and about $119 billion in total deposits. Today's transaction included the purchase of about $72 billion of Silicon Valley Bridge Bank, National Association's assets at a discount of $16.5 billion. Approximately $90 billion in securities and other assets will remain in the receivership for disposition by the FDIC. In addition, the FDIC received equity appreciation rights in First Citizens BancShares, Inc., Raleigh, North Carolina, common stock with a potential value of up to $500 million.

> The FDIC estimates the cost of the failure of Silicon Valley Bank to its Deposit Insurance Fund (DIF) to be approximately $20 billion. The exact cost will be determined when the FDIC terminates the receivership.

[JumpCrisscross]

I'm not sure how this furthers your point. You added $90bn and $50bn; the former assets held by the FDIC, the latter about the amount of deposits the acquirer assumed from the FDIC. That doesn't make sense.

[rcme]

It does make sense. The FDIC is holding 90B in assets from SVB. Those assets were purchased with deposits. First Citizens actually bought 72B in assets for 50B. So 72B + 90B is pretty close to the original 167B. Using 90B as an estimate, given that we know SVB bought those assets with depositor funds, does make sense if you’re just trying to make a rough estimate.