Details:

Publisher's site:
https://www.fdic.gov/
Corporate Authors:
Federal Deposit Insurance Corporation (FDIC)
Description:
On November 21, 2008, the FDIC adopted the attached Final Rule implementing the Temporary Liquidity Guarantee Program (TLG Program) inaugurated October 14, 2008. The TLG Program consists of two basic components: a guarantee of newly issued senior unsecured debt of banks, thrifts, and certain holding companies (the debt guarantee program) and full guarantee of non-interest bearing deposit transaction accounts, such as business payroll accounts, regardless of dollar amount (the transaction account guarantee program). The purpose of the guarantee of transaction accounts and the debt guarantee is to reduce funding costs and allow banks and thrifts to increase lending to consumers and businesses. As the result of more than 700 comments received, the Final Rule makes several important improvements.
Subject:
[+]
Liquidity, Funds Management and Sensitivity to Market Risk
Dataset Download URL:
https://www.fdic.gov/news/inactive-financial-institution-letters/2008/fil08132.pdf
Format:
PDF
Release Date:
11/21/2008
Update Date:
10/18/2013
Withdrawn Date:
Not Available.
Agencies Involved:
Federal Deposit Insurance Corporation (FDIC)
Fdic Employee Involved:
Donna SaulnierMunsell St. Clair
Related Regulation:
12 CFR Part 370
Source:
FDIC Website
Memorandum To:
All FDIC-Insured Institutions
Effective Date:
11/21/200812/19/2008
FIL Number:
FIL-132-2008
Main Document Checksum:
[+]
urn:sha256:a1022e1d404369581d7c4d4000dd240b5fec95e299ea93512a704d6d174c7985
Download URL:
https://archive.fdic.gov/view/fdic/7259/fdic_7259_DS1.pdf
File Type:

Supporting Files

• No Additional Files

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