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 chose not to participate in the extension, citing their stability. They assure clients that funds in noninterest-bearing accounts will still be insured under FDIC's general rules.
documents/EFTA01487397.pdf
{}