On January 16, the Federal Deposit Insurance Corporation announced that it will propose changes to its Temporary Liquidity Guarantee Program. The proposed changes will extend the maturity of the guarantee for covered bonds from 3 years to up to 10 years. If accepted, the changes will take effect this month, and will be part of the larger effort to stabilize the banking system and to increase lending. More information will be available soon.  

http://www.fdic.gov/