FDIC Board Approves Phase Out of Temporary Liquidity Guarantee Program; Debt Guarantee Program to End October 31st

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On September 9, 2009, the FDIC Board adopted a Notice of Proposed Rulemaking (NPR) that reaffirms the expiration of the debt guarantee component of the Temporary Liquidity Guarantee Program (TLGP) on October 31, 2009. The FDIC will seek comment on whether a temporary emergency facility should be left in place for six months after the expiration of the current program. This NPR is subject to a 15-day comment period.

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