Bankowość · 28/06/2010

FDIC Extends Temporary Liquidity Guarantee Program Through December 31, 2010, with Possibility of Additional Extension

The Federal Deposit Insurance Corporation (FDIC) is issuing a Final Rule to extend the Transaction Account Guarantee (TAG) component of the Temporary Liquidity Guarantee Program (TLGP) for insured depository institutions (IDIs) currently participating in the TAG program through December 31, 2010, with the possibility of an additional extension of up to 12 months without additional rulemaking, subject to the FDIC's Board of Directors' determination of continuing economic difficulties.