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 will not participate in the extension, ending their participation on the original expiration date. Funds in noninterest-bearing accounts will continue to be insured under FDIC's general rules.
documents/vol00010-efta01514351-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-00040704","SDNY_GM_00309902","EFTA01514351"]}