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Temporary Liquidity Guarantee Program

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Temporary Liquidity Guarantee Program
A rule adopted by the FDIC guaranteeing certain transaction accounts and unsecured loans that banks make to one another. The rule was implemented in 2008 to promote liquidity in interbank lending in the wake of the global financial crisis that started that year. It began to expire in 2010, though the Dodd-Frank Act made certain portions permanent.


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said it would seek comments on extending the debt guarantee component of the Temporary Liquidity Guarantee Program -- one of the extraordinary measures taken to deal with the credit crisis last year.
The company said the talks focus on its application to participate in the Federal Deposit Insurance Corp's Temporary Liquidity Guarantee Program, which offers low-cost funding to banking firms.
government's Temporary Liquidity Guarantee Program.
 
 
 
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