(Reuters) -The U.S. government announced actions to shore up deposits and stem any broader financial fallout from the sudden collapse of tech startup-focused lender Silicon Valley Bank (SVB), sending U.S. stock futures higher. Following are comments from analysts and fund managers:

CAROL SCHIELF, CHIEF INVESTMENT OFFICER, BMO FAMILY OFFICE, MINNEAPOLIS, MINNESOTA

"The facilities put in place to allow access to non-insured deposits should help back stop an important growth engine of the economy which has already been strained by higher funding costs, layoffs, and concerted efforts to right size businesses and watch cash burn rates.

"Hopefully, this will allow for more discernment of midsized and regional bank shares than the babies-out-with-the-bathwater treatment the vast majority of the segment (received).

"Recent funding market and stock/bond market volatility may add to the totality of the data and allow the U.S. Fed room for a smaller hike. We do not expect them to pause just yet."

DEC MULLARKEY, MANAGING DIRECTOR, INVESTMENT STRATEGY & ASSET LOCATION, SLC MANAGEMENT, BOSTON:

"The actions by the Fed to shore up the banking system with its new Bank Term Funding Program (BTFP), is a decisive step. It will help stem volatility and significantly limit the threat of contagion. By allowing banks to post Treasuries and other government debt at par, (it) will help lenders avoid distress sales and in turn honor deposits.

"The program is not a bail-out. Shareholders and unsecured debtholders will not be covered and in turn will likely see their positions take a significant hit. As a result, this program can be implemented immediately.

"Regional banks were seeing significant stress as markets worried about a knock on. This move by the Fed affirms the resiliency of the system and that it has a clear plan to assure liquidity and support deposit holders.

ALVIN TAN, HEAD OF ASIA FX STRATEGY, RBC CAPITAL MARKETS, SINGAPORE: "Markets remain unsettled from the SVB failure. US and UK regulators have stepped in to contain the fallout. "The market turbulence sparked by SVB has upended rising market expectations on the Fed rate path. We have US CPI due on Tuesday, which adds to the uncertainty over the FOMC (Fed) meeting next week with the market pulling back from expecting a 50bp hike. The situation is evolving, but volatility looks set to remain elevated in coming days. ANTHONY SAGLIMBENE, CHIEF MARKET STRATEGIST, AMERIPRISE FINANCIAL, TROY, MICHIGAN: "It was imperative that regulators stepped in and decisively acted before markets around the world opened for the week. The fact that SVB and Signature Bank depositors will be made whole is critical in maintaining trust in the financial system and should help stem contagion fears this week. But Yellen made very clear today that the government will not bail out bank shareholders and some unsecured creditors, which should make taxpayers happy. "In addition, the Fed's facility to offer loans to banks that may see similar issues to SVB should also go a long way in helping back depositors and safeguard the financial system." STEVE SOSNICK, CHIEF STRATEGIST, INTERACTIVE BROKERS, GREENWICH, CONNECTICUT "The actions taken by regulators should go a long way to assuaging the important concerns about deposits and customers' ability to meet payroll and other obligations. "It's certainly a stress relief in the short-term, and we can worry about moral hazard and lax regulation later. "But it's too soon to give an all clear. Stock and bond holders in SVB and Signature are likely wiped out. That's a lot of money that simply evaporated, which has to hurt someone. It won't fully remove the worries about what other banks might be in trouble. "Long story short, (it's) good news for depositors and markets in the short-term, but I don't think we're fully out of the woods. But it also means that 50 basis points (a possible Fed interest rate hike) is off the table." CAROL KONG, CURRENCY STRATEGIST, COMMONWEALTH BANK OF AUSTRALIA. "Currency markets are still digesting all the news related to the collapse of SVB. The measures announced this morning seem to have calmed markets for now and we are seeing some recovery in risk currencies. Given all the measures taken by the authorities markets should be calmer at least for the time being, but if concerns about regional banks, we could easily see the dollar and Japanese yen rally again. "From the perspective of the FOMC, their concern is still inflation and inflation has not really decelerated. Tomorrow's CPI will continue to show that inflation remains persistently high. Given what's happened in the U.S. financial system, a 25 basis point hike is more likely than a 50 basis point hike." MATHAN SOMASUNDARAM, FOUNDER, DEEP DATA ANALYTICS, SYDNEY: "Even if they bail them out, it's basically saying that most of these banks are carrying much higher risk than most people thought. Referring to whether it could change the Federal Reserve's rate tightening path, he said: "Before these bank collapses you would have thought 50 basis points was in play? Does these banks rolling over change that? I don't think so. At the end of the day, the whole idea of what the Fed was doing was eventually going to break things. "The fact that at the first sign of something breaking, everyone screams bailout, is a bit premature. The Fed cannot do bailouts or rate cuts or any kind of pivot 'till they get inflation down so in theory they have to keep tightening and let the weakness play out."