Federal Deposit Insurance Corporation Adopts Temporary Liquidity Guarantee Program Final Rule
On November 21, 2008, the Federal Deposit Insurance Corporation issued its Final Rule for implementing the Temporary Liquidity Guarantee Program, which is intended to restore inter-bank lending, encourage liquidity and strengthen confidence in the banking system. The attached memorandum describes the Final Rule and highlights changes that were made from the Interim Rule that was issued by the FDIC on October 23, 2008.