Federal Deposit Insurance Corporation November 26, 2008 – Federal Register Recent Federal Regulation Documents

Temporary Liquidity Guarantee Program
Document Number: E8-28184
Type: Rule
Date: 2008-11-26
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The FDIC is adopting a Final Rule to implement its Temporary Liquidity Guarantee Program. The Temporary Liquidity Guarantee Program, designed to avoid or mitigate adverse effects on economic conditions or financial stability, has two primary components: The Debt Guarantee Program, by which the FDIC will guarantee the payment of certain newly- issued senior unsecured debt, and the Transaction Account Guarantee Program, by which the FDIC will guarantee certain noninterest-bearing transaction accounts.