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FDIC TEMPORARY LIQUIDITY GUARANTEE PROGRAM ELECTION FORM On October 14, 2008, the FDIC announced the Temporary Liquidity Guarantee Program (TAG Program) to strengthen confidence and encourage liquidity
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The FDIC Temporary Liquidity Guarantee (TLG) is a program introduced by the Federal Deposit Insurance Corporation to provide temporary guarantees for certain newly issued senior unsecured debt and noninterest-bearing transaction accounts held at FDIC-insured institutions.
Financial institutions that want to participate in the FDIC Temporary Liquidity Guarantee program are required to file for the guarantee.
To fill out the FDIC Temporary Liquidity Guarantee, financial institutions need to follow the guidelines provided by the FDIC and submit the required information and documentation as outlined in the program guidelines.
The purpose of the FDIC Temporary Liquidity Guarantee is to provide temporary stability to the financial system by encouraging liquidity and confidence in participating institutions during times of economic stress.
The specific information that needs to be reported on the FDIC Temporary Liquidity Guarantee depends on the program guidelines and requirements. This can include details about the institution, the debt being guaranteed, and any other information deemed necessary by the FDIC.
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