Temporary Liquidity Guarantee Program


Also found in: Acronyms.

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.
References in periodicals archive ?
The second action was taken under our Temporary Liquidity Guarantee Program and applies only to those insured depository institutions that choose to opt in to the program.
On October 14, 2008, the FDIC announced the creation of the Temporary Liquidity Guarantee Program (TLGP) to provide liquidity for interbank lending, which diminished significantly during the third quarter of 2008.
The notes are not insured by the Federal Deposit Insurance Corporation ("FDIC") nor are they guaranteed under the FDIC's Temporary Liquidity Guarantee Program.
CIT's application for funding under the FDIC's Temporary Liquidity Guarantee Program (TLGP) remains active, but has not yet received approval.
Treasury's Temporary Liquidity Guarantee Program (TLGP).
NEW YORK -- Fitch Ratings has assigned an 'AAA' rating to the following senior debt issued by GMAC LLC (GMAC) under the FDIC's Temporary Liquidity Guarantee Program (TLGP):
In addition to other criteria laid down earlier, like demonstrating an ability to access the debt markets without reliance on the FDIC's Temporary Liquidity Guarantee Program (TLGP) and maintaining an extra capital cushion to protect against a worsening economy, the banks now must also demonstrate an ability to successfully access the public equity markets.
s (FDIC) Temporary Liquidity Guarantee Program (TLGP) and flexibility under Section 23A of the Bank Holding Company Act that governs transfers of assets between bank holding companies and the banks that the holding company owns.
If permitted to do so, the company expects to repurchase the preferred stock and warrant with the proceeds of this offering and a proposed offering of senior notes, not guaranteed under the Federal Deposit Insurance Corporation's Temporary Liquidity Guarantee Program.
through the FDIC Temporary Liquidity Guarantee Program (TLGP).
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