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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...

Gun control measures i monterey park, california. it's the home town o congressman judy chu we'll ask him about it -- i look at the other big storie we're watching this hour o msnbc. jess >> i, alicia thank you. in san diego, eight are dead after two suspected huma smuggling boats capsized saturday night lifeguards struggled to access the beach during the high tide this incident is still under investigation. california is expecting second so called atmospheric river to hit tomorrow, bringin a lot more heavy rain to tha state. more than 90 people were rescued this weekend following a levee brea...

That i could really cause spiraling problem in the financial system >> emily, i'm so grateful to you for bringing your expertis and your reporting all this breaking news, than you for being with us. still to come, we're gonna ask a member of the -- treasury department's action to address the collapse of silicon valley bank. and then, a texas judge coul make a major change to abortio access nature wide - nationwide new reporting suggests he ma be trying to keep the hearin private. plus - gun control measures i monterey park, california. it's the home town o congressman judy chu we'll ask him ab...

I think i know what this is. i have got no doubt. i am trying to surmise. >> your experience. >> i have been director of nsa during two presidential transitions. foreign embassies in this town o might actlly be legitimate targets of surveillance. they light up after the election. i think they really lit up after this one because they were as surprised as you and i were that the outcome was what it was. you probably had this rich dialogue between embassies here and national capitols where the c capitals want to know what's going on? who is up, who is down? >> names get mentioned all of a sudden...