San Francisco Fed President Mary Daly, whose district saw the second-largest bank failure in U.S. history and who has become a target of criticism, would not have typically been a key player in Silicon Valley Bank’s supervision, several former and current Fed officials told CNBC.

A highly centralized design to the Fed’s oversight of large banks such as SVB with assets over $100 billion put supervision under the staff and leadership of the Federal Reserve Board of Governors in Washington.

Regional Fed presidents can be more or less involved in monitoring their biggest banks, these officials said, but the key decisions about policy and enforcement would have been taken in Washington, not by Daly.

[Yellen’s gadfly protégé had bupkiss to do with overseeing the failure of the largest gadfly bank in her district even though she’s in charge of overseeing the banks in her district. “It was Washington’s fault. Really? Well, who then in Washington? Yellen? Powell? No, he said Washington, as in WASHINGTON. Nobody in particular.” It is just so neat how all of this works for them. ~ Beege]