FACTBOX-Financial rescue plans by G7 and other countries

Oct 14 (Reuters) - The world's richest nations have vowed to prevent vitally important banks from failing and to unfreeze credit markets in a bid to halt panic in financial markets.

The United States on Tuesday said $250 billion would be directly injected into financial institutions as part of a rescue plan aimed at restoring normality to the markets and laying the groundwork for an economic recovery.

The news follows announcements by France and Germany on Monday that take the combined pledges of capital injections into European banks and financial institutions to over 1 trillion euros.

Below are details of the financial rescue plans already in place or under consideration by leading countries:

UNITED STATES - $700 billion plan, excluding Fed programmes:

- BANK CAPITAL: The U.S. Treasury will inject $250 billion into qualifying financial institutions, with stakes limited to $25 billion or 3 percent of risk-weighted assets. Nine banks have said they will accept government stakes.

- BAD ASSETS: The Treasury can buy up troubled mortgage assets from financial institutions.

- BANK DEPOSITS: Insured up to $250,000 per account. The Treasury can lend an unlimited amount to the bank insurance agency to ensure depositors in failed banks are repaid.

- ACCOUNTING: Securities regulators can suspend mark-to-market accounting, blamed by critics for forcing financial institutions into insolvency when the market value of illiquid assets plunge or are unknown.

- LIQUIDITY- Federal Reserve operating various liquidity measures up to $900 billion, plus a commercial paper programme, and loans to individual companies like AIG (AIG.N) and JPMorgan (JPM.N).

UNITED KINGDOM - 400 billion pounds ($691 billion)

- BANK CAPITAL: UK government to inject 37 billion pounds ($64 billion) capital into three major banks -- RBS (RBS.L), HBOS HBOS.L and Lloyds TSB (LLOY.L) -- in the form of preference shares and as shares underwritten by the government.

- GUARANTEE INTER-BANK BORROWING: UK government will guarantee about 250 billion pounds ($439 billion) in short- and medium-term borrowing by banks.

- LIQUIDITY: Bank of England to lend banks at least 200 billion pounds ($351 billion) via auctions to make sure banks have enough cash to operate. This doubles its existing liquidity auctions and is in addition to three-month sterling and one-week dollar auctions.

GERMANY - 500 billion euros ($680 billion)

The German cabinet approved a banking sector rescue package on Monday with the following features:

- BANK CAPITAL: Would make a maximum of 80 billion euros available for recapitalisations, while 20 billion would be set aside as a provision for the guarantee offer.

- GUARANTEE INTER-BANK BORROWING: The government would provide 400 billion in guarantees. Guarantees to run until Dec. 31, 2009.

FRANCE - 360 billion euros ($492 billion)

The French government said on Monday it would use two funding vehicles to support the financial sector and set up a body to allow the state to move intervene swiftly to acquire stakes in banks that run into trouble.

- BANK CAPITAL: Up to 40 billion euros would be made available to help recapitalise banks. The government could take a stake in the company through the issue of preferential shares or subordinated debt, until the crisis is over.

- GUARANTEE INTER-BANK BORROWING: Up to 320 billion euros will be made available to guarantee bank lending. The fund will guarantee bank paper issued before Dec. 31, 2009 and lasting up to five years.

ITALY

The Italian government said it would deal with banks on a case-by-case basis, but did not foresee creating a new bailout fund.

JAPAN

The Bank of Japan announced a series of changes to its money market operations after holding an extraordinary policy setting meeting on Tuesday.

- LIQUIDITY: The BoJ said it would increase the size and frequency of its commercial paper repo operations and take other steps to improve money market operations, including temporarily broadening, until April 2009, the range of asset-backed commercial paper eligible for its market operations.

RUSSIA - $50 billion

The Russian government said on Monday it would provide up to $50 billion to help refinance the debt of companies in key sectors of the real economy.

- BANK CAPITAL: Companies can apply for $100 million to $2.5 billion in loans, providing they fulfill certain criteria. Applications for funds from companies in the banking sector total around $20 billion.

IRELAND - 400 billion euros ($544 billion)

- BANK CAPITAL: the government can take a stake in any of the six banks covered by its plan.

- BANK DEPOSITS: guaranteed in its six banks, plus any other liabilities.

NORWAY - 350 billion crowns ($57 billion)

Banks can swap covered bonds, including mortgage-backed securities, into new government bonds which they can use as collateral in central bank auctions for liquidity.

Norges Bank also would offer two-year liquidity loans aimed at smaller banks.

PORTUGAL - 20 billion euros ($27 billion)

The government will offer a financing line to guarantee the liquidity of its banks.

UNITED ARAB EMIRATES - 120 billion dirhams ($33 billion)

The UAE government injected 70 billion dirhams into its emergency bank funding plan on Tuesday -- on top of the 50 billion dirhams announced in September -- but has yet to say how the money will be used.

- LIQUIDITY: The government has pledged to provide sufficient liquidity for interbank lending.

- BANK DEPOSITS: The government has pledged to guarantee bank deposits.