J.P. Morgan discusses the Transaction Account Guarantee Program (TAGP) by the FDIC, which provides unlimited deposit insurance coverage on noninterest-bearing transaction accounts. The program's expiration date was extended to June 30, 2010, but J.P. Morgan chose not to participate in the extension, citing their stability. Noninterest-bearing accounts at J.P. Morgan will continue to be insured under FDIC's general rules.
documents/vol00010-efta01504679-pdf.pdf
{"document_date":"2009-11-30","document_type":"financial","document_subtype":"bank statement","key_organizations":["J.P. Morgan","Federal Deposit Insurance Corporation (FDIC)","JPMorgan Chase Bank, N.A."],"reference_numbers":["JPM-SDNY-00029606","SDNY_GM_00298804","EFTA01504679"]}