The Federal Deposit Insurance Corp. said it will brief bankers today on its program with the Treasury Department to assist the private purchase of toxic assets.
In a one-hour conference call scheduled to start at noon, the FDIC will provide an overview of the Legacy Loans Program, which was unveiled Monday. A question-and-answer session will follow.
The call is expected to draw a heavy audience, so the FDIC advises interested bankers to call early. Participants can join the call as early as 29 minutes before the scheduled start.
Those wishing to participate should dial 1-888-790-3946 and enter conference code 9857969, followed by #.