WASHINGTON (Reuters) -- The Federal Deposit Insurance Corp. said Tuesday it is phasing out a program to guarantee certain bank debt and approved surcharges to replenish the agency's deposit insurance fund until the program ends.

It also voted to extend the debt portion of the voluntary Temporary Liquidity Guarantee Program by four months. The surcharges, ranging from 10 to 50 basis points, would be targeted at institutions that take advantage of the extension of the program.

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