WASHINGTON (CN) - The FDIC may take over as receiver or conservator of a bank when a payment of its debt is paid by the Temporary Liquidity Guarantee.
The program is part of Federal efforts to maintain liquidity in the debt market, the Federal Deposit Insurance Corporation published final rules for its Temporary Liquidity Guarantee program which guarantees the unsecured, long term debt of participating entities.
Click the document icon on the front page for details and links to the regulations. The document icon under the "FAA, IRS & More" heading leads to other new regulations.
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