As required by the Final Rule implementing the Temporary Liquidity Guarantee Program (the TLG Program), the FDIC published on its Web site a list of the eligible insured depository institutions that opted out of the original Transaction Account Guarantee Program.
Please note that there are many valid reasons why an entity may have chosen to opt out of the TLG Program. Entities must make individual decisions based upon their business needs, including the costs of the Program as well as the benefits of participation. The decision to opt out in no way signals anything, either positively or negatively, about the financial health of the entity.
Note regarding the lists of institutions that opted out of the Transaction Account Guarantee (TAG) Program:
Except in cases involving mergers, opting out of the TAG program or its extensions was irreversible. However, five institutions are duplicated on more than one opt out list provided below (Certificate numbers 10802, 22942, 29661, 30568, and 24577). Of those five institutions, four are duplicated on both the initial opt out and the first extension lists (Certificate numbers 10802, 22942, 29661, and 30568), and one is duplicated on both the initial opt out and the second extension lists (Certificate number 24577). The duplicates are kept in the files on this page to preserve the raw data files. Cross-referencing with other data sources suggests that it is likely (but not conclusive) that the five duplicated institutions opted out of the initial TAG program.
List of Institutions Opting Out of the Original Transaction Account Guarantee Program - XLS (Excel help)
Note regarding entities that exercised their One-Time Opportunity to Opt Out of the first Transaction Account Guarantee (TAG) Program extension period (covering January 1 through June 30, 2010):
On August 26, 2009, the FDIC extended the TAG Program through June 30, 2010 and modified the fee structure for the Program. Institutions that were participating in the TAG Program that wished to opt out of the TAG extension period had until Monday, November 2, 2009, to do so. Any election to opt out was effective on January 1, 2010. Any institution that opted out during this extension period continued in the TAG program through December 31, 2009. Below is a list of the eligible insured depository institutions participating in the original TAG Program that opted out of the first TAG Program extension.
List of Institutions Opting Out of the First TAG Program Extension - XLS (Excel help)
Note regarding entities that exercised their One-Time Opportunity to Opt Out of the second Transaction Account Guarantee (TAG) Program extension period (covering July 1, 2010 through December 31, 2010):
On April 13, 2010, the FDIC extended the TAG Program through December 31, 2010 and reduced the maximum interest rate limit for NOW accounts guaranteed under the TAG Program to 0.25 percent, effective July 1, 2010. Institutions participating in the TAG Program that wished to opt out of the TAG extension period had until Friday, April 30, 2010, to do so. Any election to opt out was effective on July 1, 2010. Any institution participating in the TAG Program that opted out continued in the TAG program through June 30, 2010. Below is a list of the eligible insured depository institutions that participated in the original TAG Program and the first extension that opted out of the second TAG Program extension.
List of Institutions Opting Out of the Second TAG Program Extension - XLS (Excel help)
Debt Guarantee Program
The final rule implementing the TLG Program also requires that the FDIC publish on its Web site a list of the eligible entities that opted out of the debt guarantee program. Below is a list of the eligible entities that opted out of the debt guarantee program.
List of Eligible Entities that Opted Out of the Debt Guarantee Program - XLS (Excel help)