The Federal Deposit Insurance Corp. is expected to finalize rules Tuesday that generally would end its temporary guarantee of unsecured debt Oct. 31.

Last month, the agency proposed two options for unwinding the Debt Guarantee Program. Under one plan, participants could not issue protected debt after the end of the month. The second option would include the same deadline, but provide an additional six months for institutions in distressed situations to apply for emergency coverage.

The debt coverage was launched at the height of the financial crisis in October 2008 as part of the broader Temporary Liquidity Guarantee Program.

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