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Treasury Announces $68 Billion in Expected CPP Repayments

News release: “The U.S. Department of the Treasury announced today that 10 of the largest U.S. financial institutions participating in the Capital Purchase Program (CPP) have met the requirements for repayment established by the primary federal banking supervisors. Following consultation with the primary banking supervisor of each institution, Treasury has notified the institutions that they are now eligible to complete the repayment process. If these firms choose to do so, Treasury will receive $68 billion in repayment proceeds”

  • WSJ Bailout Tracker – “The Treasury first began funneling cash into large banks in October as part of its signature Troubled Asset Relief Program (TARP), which aimed to help boost capital in the ailing financial industry and put the battered economy on a more stable path. Now, as the government begins to approve loan repayments, see a breakdown of the funds by program. Click the column headers in the table below to sort by company, state, amount and more.”
  • Treasury Secretary Timothy F. Geithner Opening Statement – As Prepared for Delivery Senate Committee on Appropriations Subcommittee on Financial Services and General Government, June 9, 2009
  • Related postings on financial system

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