Rescue Plan for Citi
For immediate release
November 23, 2008
Joint Statement by Treasury, Federal Reserve, and the FDIC on Citigroup
Washington, DC -- The U.S. government is committed to supporting financial market stability, which is a prerequisite to restoring vigorous economic growth. In support of this commitment, the U.S. government on Sunday entered into an agreement with Citigroup to provide a package of guarantees, liquidity access, and capital.