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Transaction Account Guarantee Extension Interim Final Rule
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04/13/2010
[PDF-755.89 KB]
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Description:On April 13, 2010, the FDIC adopted the attached interim final rule extending the Transaction Account Guarantee (TAG) component of the Temporary Liquidity Guarantee Program for six months, through December 31, 2010, with the possibility of extending the program an additional 12 months without further rulemaking. For institutions choosing to remain in the TAG, the basis for calculating the current assessments is modified to one that uses average daily balances in TAG-related accounts. Interest rates on NOW accounts guaranteed under the TAG program are also lowered. Comments on the interim rule are due 30 days following its publication in the Federal Register.
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Release Date:04/13/2010
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Update Date:04/13/2010
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Withdrawn Date:Not Available.
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Agencies Involved:Federal Deposit Insurance Corporation (FDIC)
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Fdic Employee Involved:Christopher Hencke;Donna Saulnier;Rose Kushmeider;Arthur J. Murton;
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Related Regulation:12 CFR Part 370
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Source:FDIC Website
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Memorandum To:All FDIC-Insured Institutions
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Effective Date:07/01/2010
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FIL Number:FIL-15-2010
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