The news is here from earlier:
- US officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis
This seems rather unlikely:
- US bank deposits are around $18 tln
- The FDIC insurance fund is around 125 bn USD
- The FDIC insurance fund is unfunded
Still, headlines drove Emini S&P500 futures higher for a pop:
![fdci all deposits 21 March 2023 es](https://images.forexlive.com/images/fdci%20all%20deposits%2021%20March%202023%20es_id_01382645-ef17-4bb6-8bb9-a26afcc651ea_size900.jpg)