from the attached link...
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WASHINGTON — Plans announced Sunday to fully reimburse deposits made in the collapsed Silicon Valley Bank and the shuttered Signature Bank will rely on Wall Street and large financial institutions — not taxpayers — to foot the bill, Treasury officials said.
"For the banks that were put into receivership, the FDIC will use funds from the Deposit Insurance Fund to ensure that all of its depositors are made whole," said a senior Treasury Department official, who spoke to reporters Sunday about the plan on the condition of anonymity.
"The Deposit Insurance Fund is bearing the risk," the official emphasized. "This is not funds from the taxpayer."
The Deposit Insurance Fund is part of the FDIC and FUNDED BY QUARTERLY FEES ASSESSED ON FDIC-INSURED FINANCIAL INSTITUTIONS, as well as interest on funds invested in government bonds.
The DIF currently has over $100 billion in it, a sum the Treasury official said was "more than fully sufficient" to cover SVB and Signature depositors.
In addition to protecting these deposits, the Federal Reserve announced a new Bank Term Funding Program that is aimed at safeguarding institutions vulnerable to the market instability created by the SVB failure. (emphasis mine)
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In short, banks have been paying into this contingency fund for a very long time...there will be no impact on taxpayers...tell me you understand...
Link: https://www.nbcconnecticut.com/news/business/money-report/wall-street-not-taxpayers-will-pay-for-the-svb-and-signature-deposit-relief-plans/2992505/