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additional funding available t help banks meet the needs of their depositors this comes just days after the collapse of silicon valley bank nbc news producer garrett grew back joins me now. gary, what more. do we know >> we do have the statemen straight from -- we will read a portion of it t you now. after a recommendation from th board, the fdic in the federal reserve, and consulting with the president, secretary yelle improved actions enabling th fdic to complete its resolutio of silicon valley bank tha mirror that fully protects the depositors what does this mean? basically, the d...

mirror that fully protects the depositors what does this mean? basically, the depositors will have access to all of thei money starting tomorrow. and no losses associated wit the resolution of silico valley bank are going to b borne by the taxpayer. that is zero dollars there senior management of f s vp ar going to be completely removed from the company, according to treasury and they say that it i decisive action that wil protect the u.s. economy b strengthening public confidenc in the banking system. now, one big thing, th statement did not say wa anything about the sale of the ban...

There was a lot of focus t make sure that the bank wasn't overly exposed to one asse class. but what they didn't focus o is the concentration on wh their customers. where for svb, it was hugely concentrated in the start-up world. if you are start-up, in many cases you had to bank with silicon valley bank, the question is, will there be contagion? will this happen to othe banks. we know signature banks has ru into some trouble, and wil definitely be stressed has o smaller community banks, t make sure they're not in the situation. you take really small banks, and put huge restrictions on them so...

Furious when executives go battle that. and time like this, they wan to be sure depositors get thei money back but he's gonna be held accountable, and what will those consequences look like >> that question o accountability that we circl back to over knowing ove again. those taking to me again - no losses will be -- by the taxpayers also in the end, i want to ask you, stephanie, the u.s. banking system remains resilient in on a soli foundation, in part due to reforms that were made after the financial crisis, an ensure that our safeguards for the banking industry that seems like th conversatio...