What is TLGP?
TLGP stands for Temporary Liquidity Guarantee Program. The Federal Deposit Insurance Corporation (FDIC) created TLGP to strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior unsecured debt of banks, thrifts, and certain holding companies, and by providing full coverage of non-interest bearing deposit transaction accounts, regardless of dollar amount. For more information: http://www.fdic.gov/regulations/resources/tlgp/index.
TLGP stands for Temporary Liquidity Guarantee Program. Under the TLGP, the FDIC guarantees certain newly issued senior unsecured debt of banks, thrifts, and certain holding companies, and provides full deposit insurance coverage of non-interest bearing deposit transaction accounts, regardless of dollar amount. More information about the TLGP is available on the Temporary Liquidity Guarantee Program section of the FDIC’s Web site.
Related Questions
- Are escrow accounts covered under the TLGP? What is the amount of coverage on the title companys account at the bank if a depository institution opts out?
- When can a customer obtain more information about the TAGP or any provision of the parent TLGP program or other changes to deposit insurance coverage?
- How will a depositor know if a transaction account is fully guaranteed under the TAG component of the TLGP?
