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Temporary Liquidity Guarantee Program

FDIC · final-rule · Published 2008-11-26 · Effective 2008-11-21 · 73 FR 72244

Document

Document number
E8-28184
Federal Register citation
73 FR 72244
CFR reference
12 CFR 370
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
2008-11-26
Effective date
2008-11-21

Abstract

The FDIC is adopting a Final Rule to implement its Temporary Liquidity Guarantee Program. The Temporary Liquidity Guarantee Program, designed to avoid or mitigate adverse effects on economic conditions or financial stability, 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.

Source

Authoritative
Federal Register document
Machine
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