Alert February 17, 2009

FDIC Extends Temporary Liquidity Guarantee Program

The FDIC extended the Temporary Liquidity Guarantee Program (“TLGP”) through October 2009.  Though this extension allows banking organizations participating in the Debt Guarantee Program under TLGP to issue guarantee for an additional four months, the FDIC will assess an additional premium on guaranteed debt issued between July 1, 2009 and October 31, 2009.