Notice is a historical project of the Committee for a Responsible Federal Budget, which tracked the money spent by the 2009 stimulus bill. This site is not regularly updated.

FDIC Bank Liquidity Guarantee Program

October 14, 2008
Policy Area: 
Economic Target: 
Action Type: 
Maximum Amount: 
$609.19 billion
Amount Spent: 
$313.07 billion

Establishement of Temporary Liquidity Guarantee Program (TLGP), under which the FDIC guarantees unsecured new loans issued by banks, thrifts, and selected holding companies.  Debt must be issued by June 30, 2009 and mature by June 30, 2012.   Program also fully insures certain of non-interest-bearing deposit transaction accounts, much of which exceeds the existing $250,000 deposit insurance limit.  Accounts guaranteed through December 31, 2009.

On 3/19/2009, the FDIC announced that it would extend its liquidity guarantee program through October 31, 2009, with "a surcharge on debt issued with a maturity of one-year or more beginning in the second quarter to gradually phase-out the program."


Maximum amount indicates market size of total debt potentially subject to guarantee, as reported on the FDIC's monthly report for the program.  Amount spent indicates total guarantees for unsecured new debt.  Both figures are as of 1/4/2010.  Deficit impact unknown.

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