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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...

James ahead to down load the mobile application if you want the state of data on breaking news as it happens. Reporter the call is hanging on the bay area just a little bent here is a live look and at sfo going on no delays we dont have yet with their asses some on the east coast lower 60s and one woman aboard to brought into when some there was plenty of slow traffic including the ride into San Francisco if you have to use it will be a 26 minute drive up to 237 it will have a complete check coming up including the san mateo bridge and the Richmond San Rafael bridge. James the Democratic Left ...

Statement did not say wa anything about the sale of the bank if you talk to any members o congress, like our team on capitol hill, yesterday an today, the biggest thing the want is a sale of the bank and on the congressional side, the california delegation of republicans and democrat wrapped a briefing call this afternoon. they were briefed ahead of thi public statement they want both the engineering of a sale of the bank, and t raise the fdic limit right now, that is $250,000. but if that does need to get raised, or if that does want t get raised, that will need congressional approval and the...