FDIC Proposes Phasing Out Debt Guarantee Program, Establishes Emergency Guarantee Facility

Summary

The FDIC is proposing two alternatives to phase out the Debt Guarantee Program, a component of the Temporary Liquidity Guarantee Program, with one option allowing the program to expire by December 2012 and the other establishing a limited emergency guarantee facility to be available in emergency circumstances until April 2010.

Original source language: Federal Register — Federal Deposit Insurance CorporationOpen original release →

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