Temporary Liquidity Guarantee Program
type: GovernmentService
description: The FDIC is issuing this Interim Rule following a determination of systemic risk pursuant to section 13(c)(4)(G) of the Federal Deposit Insurance Act. As a result of this systemic risk determination, and in an effort to avoid or mitigate serious adverse effects on economic conditions or financial stability, the FDIC is establishing the Temporary Liquidity Guarantee Program. As further described in the Interim Rule, the Temporary Liquidity Guarantee Program has two primary components: the Debt Guarantee Program, by which the FDIC will guarantee the payment of certain newly- issued senior unsecured debt, and the Transaction Account Guarantee Program, by which the FDIC will guarantee certain noninterest-bearing transaction accounts.
date published: 2008-10-29
start time: 2008-10-23
provider: US Federal Deposit Insurance Corporation
citation: DigitalDocument
license: https://creativecommons.org/publicdomain/zero/1.0/
source: https://www.federalregister.gov/documents/2008/10/29/E8-25739/temporary-liquidity-guarantee-program
source organization: US Federal Register
publisher: AI Analytics

PropertyValue
property ID: Federal Register Document Number
value: E8-25739

PropertyValue
property ID: Federal Register Citation
value: 73 FR 64179

PropertyValue
property ID: CFR Reference
value: 12 CFR 370

AI Analytics
type: Organization