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NSCC Alert! Reminder, changes in the Calculation of the National Securities Clearing Corporationโ€™s Excess Capital Premium Charge take effect TODAY.

Source: https://www.dtcc.com/-/media/Files/pdf/2023/2/24/a9264.pdf Subject: Implementation Date of Changes in the Calculation of the National Securities Clearing Corporationโ€™s Excess Capital Premium Charge On the morning of the effective date, the ECP charge will be calculated using the proposed changes,
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FDIC Establishes Signature Bridge Bank, N.A., as Successor to Signature Bank, New York, NY. Banking activities will resume Monday, March 13, 2023, including on-line banking.

Source: https://www.fdic.gov/news/press-releases/2023/pr23018.html Signature Bank, New York, NY, was closed today by the New York State Department of Financial Services, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC transferred all the deposits and substantially all of
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Joint Statement by Treasury, Federal Reserve, and FDIC: Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system.

Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg: Today we are taking decisive actions to protect the U.S. economy by strengthening public
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