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News Release 2023-43
May 11, 2023
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WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued a statement in support of the Federal Deposit Insurance Corporation (FDIC) notice of proposed rulemaking on special assessments. The special assessment is intended to recover the losses to the Deposit Insurance Fund incurred by protecting the uninsured depositors of Silicon Valley Bank and Signature Bank following the U.S. government’s systemic risk determination in March 2023.
Stephanie Collins (202) 649-6870