Silicon Valley Bank customers were planning to withdraw a total of $100 billion in deposits the day the bank failed, a Federal Reserve official said Tuesday.
The withdrawals slated for March 10 would have come on top of the $42 billion that customers pulled out of the bank the prior day. Had the additional withdrawals gone through, the Santa Clara institution would have been almost complete drained of its deposits in just two days.
Regulators were surprised by how much depositors were planning…
