WASHINGTON — The Treasury Department on Friday released guidelines of the program it used under a $700 billion bailout package to justify its $20 billion rescue of Citigroup.

It also unveiled guidelines for a new insurance program for troubled assets called the Asset Guarantee Program. At this point, Treasury said it is exploring the use of this insurance program to provide Citigroup with a guarantee of up to $5 billion as part of an agreement that was disclosed in late November when the Treasury, Federal Reserve Board and Federal Deposit Insurance Corporation announced their plans to help rescue Citigroup.

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