Treasury Department Sends TARP Tranche Report to Congress
The Treasury Department released its fourth TARP tranche report to Congress today as required under the Emergency Economic Stabilization Act. Today's report covers all transactions for the Capital Purchase Program, the Automotive Industry Financing Program and the Targeted Investment Program since the last tranche report, submitted to Congress on December 2, 2008. The report notes that although the Treasury Department's total TARP commitment level has reached $266.9 billion, it has effectively allocated the first $350 billion under TARP. Allocations in excess of the commitment level represent undisbursed funds still subject to regulatory and shareholder approval. Click here for the report, and click here for the report's appendix.
