M&I to take part in two more FDIC programs
Milwaukee-based Marshall & Ilsley Corp. will take part in two of the FDIC’s Temporary Liquidity Guarantee Programs – the Debt Guarantee Program (DGP) and the Transaction Account Guarantee Program (TAGP).
The DGP will secure certain debt issued by M&I and its affiliates protection by the FDIC, including full faith and credit of the United States until June 30, 2012 or the earlier maturity of the debt.
The TAGP will give non-interest bearing personal checking and other low-interest accounts full guarantee by the FDIC through the end of December, 2009. Coverage under the TAGP is in addition and separate to coverage applicable under the FDIC’s general rules.
