Citi, one of the hardest hit banks during the credit crisis and recession, received a total of $45 billion in bailout money, one of the largest rescues in the program. Of the $45 billion, $25 billion was converted to the government’s ownership stake in the bank. The Treasury paid $3.25 a share for its stake.
Six banks repaid nearly half a billion dollars in funds they received from the government bailout of Wall Street, the treasury department said, bringing the total bank repayment under the Troubled Asset Relief Program to 99%. The Treasury on Wednesday said the banks repurchased TARP investments with.
· The New York-based bank repaid in full $25 billion in loans it received as part of the Troubled Asset Relief Program, or TARP. JPMorgan has already paid the government $795.1 million in.
· Through January, five banks have paid a total of $271 million in dividends on preferred shares ( JPMorgan Chase paid the most, $114.5 million). The treasury spent .88 million to.
The update from Pro Publica, which tracks both the broader $700 billion tarp bill and the separate bailout of Fannie Mae and Freddie Mac, showed $225 billion is the net still outstanding as of Apr. 18, 2012. The tally from NYT stile as of April 28 came to $329.3 billion of fund not returned. CNNMoney data suggests $356.2 billion "invested" within TARP, and $118.5 billion paid back, leaving 237.
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Still, the fact that some banks refinanced their initial TARP investments by borrowing from other federal government programs undercuts the Treasury Department’s claim that the government has made money from TARP, wrote Matt Stoller, a fellow at the Roosevelt Institute and a former senior policy advisor to former Democratic Florida Rep. Alan.
Total Obligations $60,483 $35,887 $53,469 $17,582 48.99% administrative account ,465 $61,796 $53,469 ($8,327) -13.48% TARP Negative Downward Reestimate Receipt Account ($14,586) ($26,982) $0 $26,982 -100.00%Account $0 $1,073 $0 ($1,073) -100.00% Housing Account $11 $0 $0 $0 0.00% TARP Account $0 $0 $0 $0 0.00% TARP
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Total Cash Back The sum of all cash returned from Treasury’s TARP investments. This figure includes principal payments, interest, dividends, fees paid, and proceeds from Treasury’s sale of such investments. Gain Positive return representing the excess of cash back over cash disbursed.
The Office of the Special Inspector General for the Troubled Asset Relief. Department of the Treasury (Treasury) has paid $18.4 billion and will pay up to an additional. investment from its spending of annual appropriations through FY 2017. reflects 99 bankers charged with a crime related to the bank bailout, with 56 of.
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