> As required by the Federal Deposit Insurance Act, the FDIC Board adopted a Restoration Plan on September 15, 2020, to restore the DIF to at least 1.35 percent by September 30, 2028. The Plan requires the FDIC to update its analysis and projections for the DIF balance and reserve ratio at least semiannually.

https://www.fdic.gov/news/speeches/2021/spjun1521a.html

They can't even keep up with their legally mandated deposit reserve rate of 1.35% but they're going to bail out several failed banks? Come on.