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Does participation in the FDIC’s Temporary Liquidity Guarantee Program qualify as a satisfactory guarantee for unsecured commercial paper under the terms and conditions of the CPFF?

April 26, 2017Commercial FDIC guarantee liquidity participation program qualify Satisfactory Temporary unsecured

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Does participation in the FDIC’s Temporary Liquidity Guarantee Program qualify as a satisfactory guarantee for unsecured commercial paper under the terms and conditions of the CPFF?

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Yes. Issuers whose commercial paper is covered by the FDIC’s Temporary Liquidity Guarantee Program will be considered guaranteed to the satisfaction of the New York Fed under the terms and conditions of the CPFF.