US Banking system remains "sound and resilient"

A direct quote from the minutes of the March 2023 Federal Reserve Open Market Committee meeting is:

Participants agreed that the US banking system remained sound and resilient.

Does this give you a warm and fuzzy feeling? Is the above quote the new "inflation is transitory" meme? I humbly ask this esteemed group for its insightes.

Thank you in advance for the well thought-out, civilized and insightful discussion that I'm sure will ensue.

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dirge

this is a fairly old podcast that I found quite interesting (there's quite a few of those, actually), but in the show, they kinda went into the fundamentals of the question 'what is money?' -
https://www.npr.org/sections/money/2011/02/15/131963928/the-friday-podcast-a-giant-stone-coin-at-the-bottom-of-the-sea
island of Yap, FWIW.
in some ways, money is all a matter of many people's desire for it and confidence that other people want it.
I think all the banking crisis stuff sorta unscore the fact that so much of the modern world is just held together with a sort of faith.