JPMorgan Chase & Co. discusses the Transaction Account Guarantee Program (TAGP) by the FDIC, which provides unlimited deposit insurance coverage on noninterest-bearing transaction accounts. JPMorgan Chase has decided not to participate in the extended period of the program beyond December 31, 2009, citing their stability. They assure customers that funds in noninterest-bearing accounts will continue to be insured under FDIC's general rules.
documents/vol00010-efta01488371-pdf.pdf
{"document_date":"2009-11-30","document_type":"financial","document_subtype":"bank statement","key_organizations":["JPMorgan Chase & Co.","Federal Deposit Insurance Corporation (FDIC)"],"reference_numbers":["JPM-SDNY-00010036","SDNY_GM_00279234","EFTA01488371"]}