Liquidity Program Goes Through June

WASHINGTON (CN) - The Federal Deposit Insurance Corporation will extend the Transaction Account Guarantee component of the Temporary Liquidity Guarantee Program for six months until June 30, 2010.

Each insured depository institution that participates in the extended Transaction Account Guarantee program will be charged higher fees during the extension period for the FDIC's guarantee of qualifying noninterest-bearing transaction accounts. Participants in the program can opt-out of the extension period.

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