Temporary Liquidity Guarantee Program
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The FDIC has created this program to strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior unsecured debt of banks, thrifts, and certain holding companies, and by providing full coverage of non-interest bearing deposit transaction accounts, regardless of dollar amount.
Here are links to provide background on the program and to answer any questions you might have.
TLGP Opt Out Lists – As of January
15, 2009
Final Rule
The final rule for the program was approved by the FDIC Board of Directors on November 21, 2008.
Final Rule regarding the Temporary Liquidity Guarantee Program - PDF (PDF Help)
Frequently Asked Questions – As
of January 12, 2009
Election Form Update
The final version of the election form and form instructions, based on the final rule adopted by the FDIC Board of Directors on November 21, 2008 may be found at the following links:
Sample
Election Form - PDF (PDF
Help)
Election
Form Instructions - PDF (PDF
Help)
This form will be available on FDICconnect on Monday, November 24, 2008.
Accessing
FDICconnect
Finding an RSSD ID Number
Master Agreement for Temporary Liquidity Guarantee Program - Debt Guarantee Program - PDF (PDF Help)
Updated November 24, 2008 - Contains changes to section 2.03 of Master Agreement and Annex A "Ranking" paragraph.
Press Releases
November 21, 2008 - FDIC Board of Directors Approves TLGP Final Rule
November 3, 2008 - FDIC Extends Opt-Out Deadline For Participation In The Temporary Liquidity Guarantee Program
Financial Institution Letters
January 12, 2009 - Temporary Liquidity Guarantee Program: Guidance to Periodic Debt Balance Reporting
December 11, 2008 - Revisions to Regulatory Reports Filed by FDIC-Insured Depository Institution
December 8, 2008 - Temporary Liquidity Guarantee Program: Debt Guarantee Program - Debt Instrument Reporting
November 21, 2008 - Temporary Liquidity Guarantee Program: FDIC Board of Directors Adopts Final Rule November 3, 2008 - Extension of Deadlines and Election Instructions
EconomicRecovery.gov - A resource for the American people to find help to keep their homes, find jobs and protect their savings.
Temporary Liquidity Guarantee Program Archives