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.
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