On March 17, 2009, the Federal Deposit Insurance Corporation (FDIC) Board of Directors approved the most recent in a series of interim rules to amend the successful Temporary Liquidity Guarantee Program (TLGP). The amendments are available exclusively to currently participating entities, and include:
*Last date to issue FDIC-guaranteed debt extended from June 30, 2009 to October 31, 2009
*FDIC guarantee expiration date extended from June 30, 2012 to December 31, 2012
*Upon approved application, the ability to issue non guaranteed debt of any maturity
*Starting April 1, 2009, the assessment of additional surcharges for the issuance of debt
We discuss each of these amendments below.
Please see full bulletin for more information.
Please see full publication below for more information.