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.
FDIC chairman Sheila Bair: the current chairman of the Federal Deposit Insurance Corporation shares her views on navigating the banking system through the current financial market crisis
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 Federal Deposit Insurance Corporation (FDIC): summary of actions in support of housing and financial markets
The notes are not insured by the Federal Deposit Insurance Corporation ("FDIC") nor are they guaranteed under the FDIC's Temporary Liquidity Guarantee Program.
FNCB Authorizes Issuance of Subordinated Debt
One matter in discussion is its application to participate in the FDIC's Temporary Liquidity Guarantee Program.
Penny Stock Chaser Announces Investment Opinion on Arlington Asset Investment Corp, Sprint Nextel, Take-Two Interactive Software, Inc., CIT Group Inc. and Capstone Turbine Corp
CIT's application for funding under the FDIC's Temporary Liquidity Guarantee Program (TLGP) remains active, but has not yet received approval.
Fitch Downgrades CIT's IDR to 'BB-'
Treasury's Temporary Liquidity Guarantee Program (TLGP).
Cantor Fitzgerald & Co. Adds Mark Mothner to Its Expanding Team
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):
Fitch Rates GMAC'S FDIC Guaranteed Debt 'AAA'
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.
Zacks Analyst Blog Highlights: JPMorgan Chase, American Express, Morgan Stanley, Bank of America and The Medicines Co
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.
Fitch Downgrades CIT's Sr Debt & Places Ratings on Watch Negative Pending FDIC TLGP Resolution
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.
State Street Corporation Prices $2.0 Billion Common Stock Offering
through the FDIC Temporary Liquidity Guarantee Program (TLGP).
Fitch Rates Citibank's TLGP Debt 'AAA/F1+'
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