Temporary Liquidity Guarantee Program: FDIC Announces Temporary Program to Encourage Liquidity and Confidence in the Banking System

Details

• Publisher's site:
  https://www.fdic.gov/
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  On October 14, 2008, the FDIC announced the Temporary Liquidity Guarantee Program to strengthen confidence and encourage liquidity in the banking system. The new program will (1) guarantee newly issued senior unsecured debt of eligible institutions, including FDIC-insured banks and thrifts, as well as certain holding companies, and (2) provide full deposit insurance coverage for non-interest bearing deposit transaction accounts in FDIC-insured institutions, regardless of the dollar amount.
• Subject:
  Liquidity, Funds Management and Sensitivity to Market Risk
• Dataset Download URL:
  https://www.fdic.gov/news/inactive-financial-institution-letters/2008/fil08103.pdf
• Format:
  PDF
• Release Date:
  10/15/2008
• Update Date:
  10/18/2013
• Withdrawn Date:
  Not Available.
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC)
• Law Involved:
  Bank Holding Company Act
• Source:
  FDIC Website
• Memorandum To:
  All FDIC-Insured Institutions
• FIL Number:
  FIL-103-2008
• Main Document Checksum:
  urn:sha256:5b935b42bb6ffb28c1bfb4f37ab7a94031355c04056a25be1a77635d1ab625ab
• Download URL:
  https://archive.fdic.gov/view/fdic/7270/fdic_7270_DS1.pdf
• File Type:
  [PDF - 44.94 KB ]