Temporary Liquidity Guarantee Program Opt-Out Lists
As required by the Final Rule implementing the Temporary Liquidity Guarantee Program (the TLG Program), the FDIC is publishing on its Web site a list of the eligible insured depository institutions that have opted out of the original Transaction Account Guarantee Program, scheduled to terminate on December 31, 2009.
Please note that there are many valid reasons why an entity may have chosen to opt out of the TLG Program. Entities must make individual decisions based upon their business needs, including the costs of the Program as well as the benefits of participation. The decision to opt out in no way signals anything, either positively or negatively, about the financial health of the entity. Depositors and investors may ask any of the entities on either of these lists for a further explanation concerning the entity's decision to opt out of the TLG Program.
Lists as of May 6, 2009
List of Entities Opting Out of the Transaction Account Guarantee Program - Excel (Excel help)
Note regarding entities that exercised their One-Time Opportunity to Opt Out of the Transaction Account Guarantee (TAG) Program extension period:
On August 26, 2009, the FDIC extended the TAG Program through June 30, 2010 and modified the fee structure for the Program. Institutions that wished to opt out of the TAG extension period had until Monday, November 2, 2009, to do so. Any election to opt out will be effective on January 1, 2010. Any institution that opted out will continue in the TAG program through December 31, 2009. The FDIC will post, on its website, a list of entities that exercised the opt out election; the opt out list posting is expected to occur no later than November 16, 2009—the date by which each institution must post the lobby notice mentioned herein.
