FDIC Temporary Liquidity Guarantee Program

Summary

On October 14, 2008, the Federal Deposit Insurance Corporation announced steps to further address the issues that confront the banking system. Specifically, FDIC unveiled a program to guarantee all newly issued senior unsecured debt by eligible entities issued on or before June 30, 2009, and provide full coverage of non-interest bearing deposit transaction accounts, regardless of dollar amount.

Key FDIC Links

• FDIC's Decisions on Premiums and Extensions of the TLGP Debt Guarantee Program
• Final Rule regarding the Temporary Liquidity Guarantee Program (PDF)
• TLGP Opt Out Lists – As of January 13, 2009
• TLGP Frequently Asked Questions 

FDIC Press Releases

• FDIC Board of Directors Approves TLGP Final Rule (11/21/08)
• FDIC Extends Opt-Out Deadline For Participation In The Temporary Liquidity Guarantee Program (11/03/08)

FDIC Financial Institution Letters

• Temporary Liquidity Guarantee Program: Guidance to Periodic Debt Balance Reporting (1/12/09)
• Revisions to Regulatory Reports Filed by FDIC-Insured Depository Institution (12/11/08)
• Temporary Liquidity Guarantee Program: Debt Guarantee Program - Debt Instrument Reporting (12/08/08)
• Temporary Liquidity Guarantee Program: FDIC Board of Directors Adopts Final Rule (11/21/08)
• Extension of Deadlines and Election Instructions (11/03/08)

ABA Resources

• Message Points Explaining Decision to Opt In or Out of FDIC's Debt Guarantee Program (12/08/08)
• Message Points Explaining Decision to Opt In or Out of FDIC's Transaction Account Guarantee Program
• ABA NewsBytes Special Edition:
  FDIC Modifies, Adopts Final Temporary Liquidity Guarantee Program –11/21/08
• ABA Summary of Changes in FDIC Temporary Liquidity Guarantee Program – 11/21/08

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Questions?  Please contact ABA's Rob Strand.