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Temporary Liquidity Guarantee Program Guidance to Periodic Debt Balance Reporting

Liquidity, Funds Management, and Sensitivity to Risk
January 12, 2009
Summary: On November 21, 2008, the FDIC's Board of Directors approved the final rule on the Temporary Liquidity Guarantee Program (TLG Program), which was announced on October 14, 2008 (see FIL 132-2008 ). The TLG Program includes a guarantee of newly issued senior unsecured debt of banks, thrifts and certain holding companies (the Debt Guarantee Program). Each entity that participates in the Debt Guarantee Program must report, on a monthly basis, all FDIC-guaranteed debt outstanding in accordance with the signed Master Agreements. This reporting is in addition to the individual debt instrument reporting (see FIL 139-2008 ).

Highlights:
  • All participating entities that have not opted out of the Debt Guarantee Program of the TLG Program must submit reports of all outstanding FDIC-guaranteed debt in accordance with the signed Master Agreement, regardless of outstanding balance.
  • By the thirtieth calendar day following the end of the month, all participating entities must report through FDIC connect the total amount of all outstanding FDIC-guaranteed debt as of the preceding month's end.
  • Each entity must also indicate whether it has issued any non-guaranteed debt during the reporting period.
  • The participating entity must certify that all information provided is accurate.

Distribution:
All FDIC-insured Institutions

Suggested Routing:
Chief Executive Officer
Chief Financial Officer
Compliance Officer

Note:
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/financial-institution-letters/2009/index.html .

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html .

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562- 2200).

Attachment(s)
Debt Reporting Instructions

Last Updated: January 12, 2009