Comment by bryant

> False. Money on your bank account is backed by bank's assets, not by the central regulator. Recommended reading: https://en.wikipedia.org/wiki/Fractional-reserve_banking , M1 money supply, etc.

You didn't even finish reading the first paragraph.

> Bank reserves are held as cash in the bank or as balances in the bank's account at the central bank

The collapse of svb shows how much the central regulator cares about making sure the entire banking system doesn't fall apart, too.

With the way you remarked "false" at the OP, though, I don't expect you're here for an engaging and educational discussion, so I'll leave it here. lol