Round 7 of TARP Capital Infusions

December 31, 2008

Authored by: Bryan Cave

On December 29, 2008, the Treasury announced the completion of the seventh round of TARP Capital infusions.  The Treasury purchased a total of approximately $1.9 billion in securities from 43 financial institutions on Tuesday, December 23, and has now invested in 208 institutions, totaling $172.5 billion.  This leaves approximately $77 billion for the Treasury to invest under the TARP Capital program.

M&T Bank Corporation of Buffalo, New York, received the largest infusion of the round, $600 million, while Saigon National Bank of Westminster, California, received the smallest infusion of the round, $1.5 million.