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Financial Institution Letters

Temporary Liquidity Guarantee Program
Changes to Debt Guarantee Program Reporting Requirements
FIL-15-2009
March 23, 2009


Summary: The FDIC previously issued FIL-139-2008 and FIL-2-2009 to require reporting of certain information from entities participating in the debt guarantee component of the Temporary Liquidity Guarantee Program. The purpose of this Financial Institution Letter is to amend certain reporting requirements, clarify previously issued reporting guidance and consolidate reporting instructions. This Financial Institution Letter and its attachments supersede FIL-139-2008 and FIL-2-2009 .

Highlights:

  • Any participating entity that issues any FDIC- guaranteed debt must register that issuance via FDICconnect within five calendar days of the date of issuance.
  • By the thirtieth calendar day following the end of a month, all participating entities that have issued FDIC-guaranteed debt at any time since the inception of the program must report through FDICconnect the total amount of all outstanding FDIC-guaranteed debt (and any interest accrued and unpaid on that debt) as of the preceding month's end, irrespective of the amount matured or still outstanding on the reporting date.
  • Entities that have elected to participate in the Debt Guarantee Program but have not, at any time since the inception of the program, issued FDIC- guaranteed debt are no longer required to submit monthly reports of outstanding FDIC-guaranteed debt. Note that this is a change from previous reporting requirements.

Distribution:
All FDIC-insured Institutions

Suggested Routing:
Chief Executive Officer
Chief Financial Officer
Compliance Officer

Attachment:
FDIC-Guaranteed Debt Reporting Instructions - PDF (PDF Help)

Contact:
General questions: TLG Program mailbox at
tlgp@fdic.gov or the FDIC Call Center at (877)
ASK-FDIC.

FDICconnect technical issues: FDICconnect
HelpDesk at fdicconnect@fdic.gov or (877) 275-
3342 and select Option 5 on the Banker's menu

Printable Format:
FIL-15-2009 - PDF (PDF Help)

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




Last Updated 10/18/2013 communications@fdic.gov