The FDIC recently adopted an Interim Rule regarding its newly created Temporary Liquidity Guarantee Program (TLGP), which provides unlimited insurance on non-interest bearing transactional accounts. The purpose of this program is to provide confidence and stability in the banking system during these turbulent economic times.
Click here for additional information.
Click here to view the letter submitted by the American Bar Association.
Click here to view the Rules & Regulations.
• Agency Website: http://www.fdic.gov/regulations/laws/federal/propose.html
TLGP listing is at bottom of page titled "Open for Comments."
• E-mail: Comments@FDIC.gov
Include RIN # 3064--AD37 on the subject line of the message.
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