Financial Industry Resource Center

$165 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 $165 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 an update to the transactions detailed to Congress by the Treasury Department this past Friday, December 5, 2008. The latest purchases range from $935 million for shares in Popular, Inc., in San Juan, Puerto Rico to $1.7 million for shares in Manhattan Bancorp in El Segundo, California, according to today's Treasury Department report.
Click here for the latest Capital Purchase Program transaction report.

Click here for Hunton & William's prior posting on the Treasury Department's TARP Report to Congress.

Trackbacks (0) Links to blogs that reference this article Trackback URL
Comments (0) Read through and enter the discussion with the form at the end
© Hunton & Williams LLP 2014 - ATTORNEY ADVERTISING. Case results depend upon a variety of factors unique to each case. Case results do not guarantee or predict a similar result in any future case.
Unless otherwise noted, attorneys not certified by the Texas Board of Legal Specialization.