Last week we looked at how much of the total TARP funds had been recovered. Banks received $245.5 billion (60 percent) of the total $411 billion disbursed through the U.S. Treasury’s Troubled Asset Relief Program (TARP).
Question: How much of the $245.5 billion provided to banks through TARP has been recovered by the Treasury as of March 24, 2011?
D. 99 percent
According to the Treasury, $243.8 billion in cash (99% of the $245.5 billion dispersed) has been repaid by the banks participating in TARP. That includes $211.4 billion in repayments and $32.4 billion in interest, dividends, and capital gains.
Our information for our TARP series comes directly from the U.S. Treasury’s blog , Treasury Notes, which connects citizens with what’s going on at one of the oldest departments in the U.S. federal government.
Additionally, the Congressional Oversight Panel (COP) recently released a comprehensive review of TARP. The COP final report provides useful information and insights about the successes and shortcomings of TARP. The report is available online here: http://cop.senate.gov/reports/library/report-031611-cop.cfm
For step-by-step instructions, click here:Banks and TARP, April 8th
For questions, contact Bill Pinkovitz