Joint Statement by the Department of the Treasury, Federal Reserve, FDIC and OCC
WASHINGTONâThe following statement was released by Secretary of the
Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H.
Powell, FDIC Chairman Martin J. Gruenberg and Acting Comptroller of
the Currency Michael J. Hsu:
Today, 11 banks announced $30 billion in deposits into First Republic Bank. This show of support by a group of large banks is most welcome, and demonstrates the resilience of the banking system. Related Link
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