institutional document
Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC
U.S. Department of the Treasury, Board of Governors of the Federal Reserve System, and FDIC. Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. March 12, 2023. https://www.fdic.gov/news/press-releases/2023/pr23017.html.
Why this matters here
The March 2023 joint Treasury, Federal Reserve and FDIC statement documented systemic-risk exceptions and protection of depositors at failed banks. The chapter cites this contemporary government action separately from later deposit insurance reform analysis.
