[Top analysts interpret Wall Street bailout First Republic Bank] The largest U.S. banks agreed Thursday to deposit $30 billion in the troubled First Republic Bank in a bid to stem the current turmoil in the banking sector. JPMorgan Chase, Bank of America, Citigroup and Wells Fargo will each deposit $5 billion in uninsured deposits, Goldman Sachs and Morgan Stanley will each contribute $2.5 billion, and PNC Financial, Bank of New York Mellon, Truist Financial, United Bank and State Street Bank will each contribute $1 billion. These banks issued a statement saying that "this action by large American banks reflects confidence in First Republic Bank and banks of all sizes".