Is Bank of America Out Of Money? Or Is The U.S.?

I don’t want to start a bank run, but this is worth sharing. Normally when I deposit a check in my BofA account, it is funded immediately. But apparently nothing is normal in banking anymore. On December 8, I made a deposit. A few days later, a portion of it showed up in my account. The rest was being “held.” I called to find out why. Mumble, mumble, and finally this: “It’s being held.” Thanks. I knew that. Then yesterday I received a written notice of the hold, giving this reason for it not being credited:

Confidential information indicates that the deposited checks may not be paid.

The check was a tax refund. It was from the U.S. Treasury.