The Temporary Liquidity Guarantee Program

The Federal Deposit Insurance Corporation (FDIC) was created during the Great Depression to restore public confidence in the banking system and to stem the bank runs then undermining financial stability by assuring depositors their money was safe and quickly resolving failing banks. During much of the 2008 financial crisis, the FDIC continued to focus on the roles it was known for: the protection of insured depositors and resolving failing banks. However, the severity of the 2008 financial crisis required more of the FDIC. In an effort to address the risks to insured banks and thrifts, the FDIC sought new