FILE- The seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington, Feb. 5, 2018. Facing the prospect of a third financial crisis in less than two decades, the Federal Reserve initiated a broad emergency lending program late Sunday, March 12, 2023, intended to shore up confidence in the nation’s financial system following the collapse of two large banks with deep ties to the tech industry. (AP Photo/Andrew Harnik, File)

WASHINGTON (AP) — Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks is safe. It’s all eerily reminiscent of the financial meltdown that began with the bursting of the housing bubble 15 years ago. Yet the pace this time around seems even faster. Over the last three days, the US has seized two banks after a run on Silicon Valley Bank. The Associated Press addresses what the US is doing and whether it will be enough.