The FDIC was created exactly for this kind of crisis. Here's the history

An FDIC sign is posted on a window at a Silicon Valley Bank branch in Wellesley, Mass., on Saturday. The bank was caught in a meltdown, forcing a government takeover. The FDIC guarantees accounts up to $250,000. (Peter Morgan/AP)

The FDIC was created 90 years ago to help the U.S. navigate a catastrophe that put thousands of banks out of business. Its mission is to keep panic and turbulence from collapsed institutions like Silicon Valley Bank, the second-largest bank failure in U.S. history, from spreading through the financial system.

Now the agency is once again working to convince citizens and businesses that their money is safe, hoping to avert bank runs that would deepen the current banking crisis.