FDIC Announces Plan to Free Up Bank Liquidity

by Sabrina I. Pacifici on Oct 15, 2008

News release: “The Federal Deposit Insurance Corporation (FDIC) announces a new programthe Temporary Liquidity Guarantee Programto strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior unsecured debt of banks, thrifts, and certain holding companies, and by providing full coverage of non-interest bearing deposit transaction accounts, regardless of dollar amount.”

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