$170 Billion Spent Through the Capital Purchase Program, According to Latest Report
The Treasury Department has released the latest transaction report for the Capital Purchase Program under TARP. Over $170 billion has now been spent providing financial institutions liquidity in exchange for shares held by the Treasury Department since the first purchases on October 28, 2008. The report provides information on transactions made by the Treasury Department on December 19, 2008. The latest purchases range from $967 million for shares in Synovus Financial Corp., in Columbus, Georgia to $1.8 million for shares in Monadnock Bancorp, Inc. in Peterborough, New Hampshire, according to today's Treasury Department report.
Click here for the latest Capital Purchase Program transaction report.
