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 was extended to June 30, 2010, but J.P. Morgan has chosen not to participate in the extension, citing their stability. Noninterest-bearing accounts will continue to be insured under FDIC's general rules.
documents/vol00010-efta01483089-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 & Co."],"reference_numbers":["000000739110438","JPM-SDNY-00004256","SDNY_GM_00273454","EFTA01483089"]}