The Treasury Department plans to brief California’s congressional delegation on the Silicon Valley Bank collapse at 1:00pm Sunday, according to a person familiar with the plans.

The briefing comes amid discussions of what sort of response the US government may have to take to prevent contagion. The Federal Deposit Insurance Corp. and the Federal Reserve are weighing creating a fund that would allow the regulators to backstop more deposits at banks that run into trouble following Silicon Valley Bank’s collapse, according to people familiar with the matter, in hopes that it would reassure depositors and contain any panic.