FDIC Ends TLGP But Leaves Door Open For “Emergency Financing” The FDIC issued a final ruling to phase out the Temporary Loan Guarantee Program (TLGP) by October 31, 2009.  In order to conclude the TLGP  in an orderly manner, however, the FDIC established a “limited emergency guarantee facility” for institutions that might be unable to refinance maturing [...]

FDIC Debt Guarantees Decline 4% In August The FDIC Temporary Loan Guarantee Program (TLGP) was instituted late last year.  The program’s stated purpose and goals, according to the FDIC, is as follows: The FDIC has created this program to strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior unsecured debt of banks, thrifts, and [...]

Debt Guarantees To End The FDIC announced its intentions today to let the Temporary Liquidity Guarantee Program(TLGP) expire on its originally planned termination date of October 31, 2009.  The TLGP was implemented in October 2008 to address disruptions in the credit markets that resulted in the inability of financial institutions to obtain new funding or roll over existing debts. According [...]

FDIC Debt Guarantees Decline 5.6% The FDIC Temporary Loan Guarantee Program (TLGP) was instituted late last year.  The program’s stated purpose and goals, according to the FDIC, is as follows: The FDIC has created this program to strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior unsecured debt of banks, thrifts, and certain [...]

FDIC Debt Guarantees Decline Slightly The FDIC Temporary Loan Guarantee Program (TLGP) was instituted late last year.  The program’s stated purpose and goals, according to the FDIC, is as follows: The FDIC has created this program to strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior unsecured debt of banks, thrifts, and certain [...]

FDIC Debt Guarantees Soar 54% From Year End 2008 The FDIC Temporary Loan Guarantee Program (TLGP) was instituted late last year.  The program’s stated purpose and goals, according to the FDIC, is as follows: The FDIC has created this program to strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior unsecured debt of banks, [...]

Banks And Financial Firms Say No To FDIC Temporary Loan Guarantee Program (TLGP) Since March, many banks and financial firms have seen the value of their stocks soar as investors’ perception of the overall health of the banking industry improved.  Based on the better equity market environment, many banks were able to raise private capital without the need for an FDIC guarantee [...]