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Diane Publishing Books
Troubled Asset Relief Program (TARP): Status of the Wind Down of the Capital Purchase Program
A. Nicole Clowers (au)
The Department of Treasuryńˇ╗s (Treasury) Capital Purchase Program (CPP) was established as the primary means of restoring stability to the financial system under the Troubled Asset Relief Program (TARP). Under CPP, Treasury invested almost $205 billion in 707 eligible financial institutions between October 2008 and December 2009. CPP recipients have made dividend and interest payments to Treasury on the investments. TARP's authorizing legislation requires GAO to report every 60 days on TARP activities. This report examines (1) the status of CPP and (2) the financial condition of institutions remaining in the program. Table and figures. This is a print on demand report.
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