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On April 19, 2010, the FDIC published an interim rule extending the Transaction Account Guarantee Program through December 31, 2010.
Federal law requires that each depository institution that offers noninterest-bearing transaction accounts is required to post a prominent notice in the lobby of its main office and in each domestic branch clearly indicating whether the institution is participating in the TAG program.
Under the Interim Rule, institutions will be required to review and amend as necessary their previous disclosures on or before May 20, 2010.
Keystone offers the following easel backed notices to help you comply with the display requirement. Each Lobby Notice features the sample text that was published in the April 19, 2010 issue of the Federal Register. |
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CC-96-229
(To be displayed by institutions that previously elected to participate in the TAG Program and are CONTINUING to participate.)
The Interim Rule requires institutions that choose to remain in the TAG program to update their disclosures to reference December 31, 2010, as the termination date for this extension of the TAG program. |
CC-96-230
(To be displayed by institutions that previously elected to participate in the TAG Program but are NO LONGER participating as of July 1, 2010.)
Participating Institutions that opt out of the extended TAG program are required to update their disclosures to inform customers and depositors that, beginning on July 1, 2010, they will no longer participate in the TAG program and the deposits in noninterest-bearing transaction accounts will no longer be guaranteed in full by the FDIC. |
CC-96-231
(To be displayed by institutions who previously elected NOT to participate in the TAG Program.) |
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| TAG Program Lobby Notices |
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| Each Lobby Notice comes imprinted with: |
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| About our Lobby Notices: |
| Measure 9" x 12" |
| Laminated on foam board with attached easel on back. |
| Shipped to you ready to be displayed in your lobby, or at teller windows. |
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| PRICING FOR COUNTER CARDS |
| QTY. |
PRICE |
| 1 |
$21.25 |
| 2-5 |
$15.95 each |
| 6-9 |
$13.95 each |
| 10-24 |
$11.95 each |
| 25-35 |
$9.95 each |
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