I hadn't heard this particular bit of info yet, but doing a quick search and yup, since last night.

https://www.bloomberg.com/news/articles/2023-03-10/us-regula...

The fed will take over all of these assets and shutdown the bank and make a profit doing so.

The fed has a huge advantage in that they can just print money, buy assets that deliver 1% returns and when those assets mature delete the printed money. The fed is basically leveraged to infinity.

what's your source?