Adrienne Harris, superintendent of the New York Department of Financial Services, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Thursday, May 18, 2023. Two senators on the committee say they have found flaws in regulators' oversight reviews before some of the recent bank failures, and are asking the president to appoint an independent investigator. Photographer: Al Drago/Bloomberg Adrienne Harris, superintendent of the New York Department of Financial Services, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., on May 18.  Photo: Al Drago/Bloomberg

New York Department of Financial Services (DFS) Superintendent Adrienne Harris told state senators on Tuesday that her agency has identified a number of banks that have high percentages of uninsured deposits and a number of other risk factors, in the wake of the agency’s closing of Manhattan-based Signature Bank in March.

Harris told the Senate Committee on Banks that the agency is requiring daily liquidity reporting from each of those institutions to ensure that they have enough cash on hand in the event that those institutions experience “a propulsive run,” as Signature Bank had.

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