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Friday, March 9, 2012

Treasury Estimates Lifetime CPP Return Income of $13.5 Billion

The GAO released a report regarding the Capital Purchase Program (CPP), a bank program within TARP, stating the “repayments, dividends, and interest from institutions participating in the Capital Purchase Program have exceed the program’s original investment disbursements.”

As of January 31st, 2012, participating institutions have repaid $211.5 billion of Treasury’s investment, exceeding the $204.9 billion Treasury had disbursed. As of November 30th, 2011, Treasury estimated CPP will return a lifetime income of $13.5 billion. Most of the outstanding CPP investments are at a few institutions.

Read the report.

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