I should have stated it clearly.
I put $30,000 in the bank, and then (not instantly but a week later) go to withdraw $100.
You say it’s the law, they have to pay. If they don’’t, the bank can be closed. In which case I don’t get the $100.
You say the bank president and board can be jailed. In which case I don’t get my $100.
I assume your next recommendation would be the FDIC. Some banks have been very quietly dropping the FDIC coverage.
What recourse does one have then ?
As for banking your deposits where there is no FDIC insurance, ponder the Latin phrase "caveat emptor" -- let the buyer beware.
Banks are not dropping FDIC AND dealing with the Fed.
Anyone telling you that does not understand how banks work.