On June 23, 2009 and June 30, 2009, the Treasury announced the completion of the thirty-second and thirty-third rounds, respectively, of TARP Capital infusions. In these two rounds, which closed on June 19 and June 26, the Treasury purchased a total of approximately $3.7 billion in securities from 26 financial institutions. The Treasury has now invested in 650 institutions, totaling approximately $203.2 billion.
In these two rounds, Hartford Financial Services Group, Inc., Hartford, Connecticut, received the largest infusion, $3.4 billion. Gold Canyon Bank, Gold Canyon, Arizona, received the smallest infusion, $1.6 million.
Of note during the last two weeks of June, 2009, eleven institutions re-paid approximately $68.3 billion. The largest re-payments came from JPMorgan & Chase ($25 billion), The Goldman Sachs Group, Inc. ($10 billion), and Morgan Stanley ($10 billion). As of June 30, 2009, the total amount re-paid under the TARP Capital Purchase Program is approximately $70.1 billion, and Treasury’s outstanding investment equals approximately $133.1 billion.
Also of note, the Treasury provided the warrant disposition information for a number of institutions that had previously re-paid the Treasury (please click here for our discussion of the disposition process). The Treasury disposed of the additional investment of thirteen institutions (10 public (via warrants) and 3 private (via preferred stock)). The proceeds from these dispositions totaled approximately $19.4 million.
Click here to view our updated TARP Map.
Click here to view our updated list of TARP Capital recipients ordered by state and a description of our methodology in compiling the list.
Going forward, we will provide monthly updates of the TARP Map and the list of TARP Capital recipients ordered by state.
Related Posts
- July TARP Capital Infusions – TARP Map and List of Recipients Updated - August 10, 2009
- August TARP Capital Infusions – TARP Map and List of Recipients Updated - September 4, 2009
- September TARP Capital Infusions – TARP Map and List of Recipients Updated - October 5, 2009
- October TARP Capital Infusions – TARP Map and List of Recipients Updated - November 7, 2009
- December TARP Capital Infusions – TARP Map and List of Recipients Updated - January 22, 2010
