What is the FDICs plan for publicizing data related to the Temporary Liquidity Guarantee Program (TLGP)?
The FDIC plans to publish aggregated TLGP data in the Quarterly Banking Profile (QBP) starting with the fourth quarter 2008 issue. The QBP will include statistics on both the Transaction Account Guarantee Program and the Debt Guarantee Program. Coverage of Deposits What deposit accounts are included in the definition of a “noninterest-bearing transaction account”? All funds in noninterest-bearing transaction deposit accounts held in domestic offices and insured branches in Puerto Rico and U.S. territories and possessions of participating FDIC-insured institutions will be fully guaranteed under the transaction account guarantee component of the Temporary Liquidity Guarantee Program. A “noninterest-bearing transaction account” is defined as a transaction account with respect to which interest is neither accrued nor paid and on which the insured depository institution does not reserve the right to require advance notice of an intended withdrawal. This definition encompasses traditional de
Related Questions
- Is senior unsecured debt issued under the FDICs Temporary Liquidity Guarantee Program (TLGP) or the NCUAs Temporary Corporate Credit Union Liquidity Guarantee Program (TCCULGP) eligible to pledge for discount window or payment system risk collateral purposes?
- Is senior unsecured debt issued under the FDICs Temporary Liquidity Guarantee Program (TLGP) eligible to pledge for discount window or payment system risk collateral purposes?
- What is the FDICs plan for publicizing data related to the Temporary Liquidity Guarantee Program (TLGP)?
