What happens to the money that was in Signature Bank and SVB? I guess it no longer exists, but then the government prints new money to cover the balances, but does this cause inflation? I mean the money is gone, and then new money is created to cover it. I guess thats not inflationary?

Also is anyone auditing the SVB and Signature Bank balance sheets? Does the government just pay whatever SVB and Signature Bank says was in their accounts?