Modification of Temporary Liquidity Guarantee Program Interim Final Rule on Mandatory Convertible Debt Under the TLGP

Details

• Publisher's site:
  https://www.fdic.gov/
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  On February 27, 2009, the FDIC adopted an interim rule that allows entities participating in the debt guarantee portion of the Temporary Liquidity Guarantee Program (TLGP) to issue certain mandatory convertible debt (MCD). No FDIC-guaranteed MCD may be issued without the FDIC's prior written approval.
• Subject:
  TLGP
• Dataset Download URL:
  fdic.gov/news/inactive-financial-institution-letters/2009/fil09011.pdf
• Format:
  PDF
• Release Date:
  03/02/2009
• Update Date:
  03/02/2009
• Withdrawn Date:
  Not Available
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC)
• Fdic Employee Involved:
  Steve Burton ; Mark L. Handzlik
• Law Involved:
  Bank Holding Company Act of 1956 ; Home Owners' Loan Act ; Change in Bank Control Act
• Source:
  FDIC Website
• Memorandum To:
  All FDIC-Insured Institutions
• Effective Date:
  02/27/2009
• FIL Number:
  FIL-11-2009
• Main Document Checksum:
  urn:sha256:9adea34248cf615c08f376f3af5d2a188b87aefa889c5ee8fdac2d15bafcbce5
• Download URL:
  https://archive.fdic.gov/view/fdic/7206/fdic_7206_DS1.pdf
• File Type:
  [PDF - 37.00 KB ]