Purchases Under TARP - Troubled Asset Relief Program

3 January 2009
The GAO reported in December 2008 that the U.S. Treasury Department had provided more than $150 billion in capital to 52 financial institutions as of November 25, 2008.

This capital infusion is part of the Troubled Asset Relief Program (TARP). There have been three infusions of capital.

In one instance, the Treasury infusion was more than an order of magnitude greater than corporate assets: BB&T Corp. (Winston-Salem, N.C.) received $3.134 billion from Treasury in November when its September assets totaled only $137 million.

Grand Total:
Capital purchased by Treasury: $151.472 billion
Total assets, September 2008: $11.485 trillion

See details of the first GAO report on TARP expenditures/purchases