This doesn't seem inappropriate, but the news is moving so quickly here, I wonder if something published by NBC Bay Area yesterday at 5 PM is a particularly good source of information on how First Republic MAY or MAY NOT be failing.

It’s up 50% today. Has $70 billion of liquidity, they’re fine

>It’s up 50% today.

https://en.wikipedia.org/wiki/Dead_cat_bounce

Dead cat bounce is a way to describe a pattern after the fact. It's not a way to predict what's to come.

It's also a way to communicate your prediction of what's to come.

for daytraders, "whats to come" may mean three hours

no stock moves 65% down and then 50% up in two trading sessions based on fundamental research for long-term investors

they might be fine, but daytrading activity is not a signal that they are fine

70 billion of liquidity is though.

“The treasury of the United States is our backstop” is even more compelling.

This is a pretty tautological headline. I could put any bank name there and it would likely be true given the events of the past 7 days

Are they though?

Customer of FRB. My banker was quick and responsive to some tech support I needed. Didn't seem panicked at all. Just my perspective, take it for what it is

I think FRB will be fine, but FWIW you shouldn't take this as evidence in favor of that. I guarantee all their tellers and support techs were given explicit instructions to not give any signals that anything is wrong. In a nervous environment like this, one misspoken word from a firstline tech could be all it takes to start a panic.

I am going to open up an account in the next few days with a sizeable initial deposit. I do not want to see the banks consolidated to a few that the fed can control.

The scope of the Feds controls over banks is scale invariant.