As you remember,after #FTX meltdown,#Silvergate booked uS$ 8 bln customer withdrawals in 2022 Q4
A unit of #FederalHomeLoanBank supplied billions for operation
U.S. gov-sponsored #FHLBanks provide advances -secured loans to members- and members purchase capital of FHLBanks in exchange
At 2022 Dec.31 #Silvergate held uS$ 4.3 bln of short-term Federal Home Loan Bank advances
that was backed with its own securities as collateral.