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Daily Archives: June 9, 2009

Treasury Announces $68 Billion in Expected CPP Repayments

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News release: “The U.S. Department of the Treasury announced today that 10 of the largest U.S. financial institutions participating in the Capital Purchase Program (CPP) have met the requirements for repayment established by the primary federal banking supervisors. Following consultation with the primary banking supervisor of each institution, Treasury has notified the institutions that they are now eligible to complete the repayment process. If these firms choose to do so, Treasury will receive $68 billion in repayment proceeds”

  • WSJ Bailout Tracker – “The Treasury first began funneling cash into large banks in October as part of its signature Troubled Asset Relief Program (TARP), which aimed to help boost capital in the ailing financial industry and put the battered economy on a more stable path. Now, as the government begins to approve loan repayments, see a breakdown of the funds by program. Click the column headers in the table below to sort by company, state, amount and more.”
  • Treasury Secretary Timothy F. Geithner Opening Statement – As Prepared for Delivery Senate Committee on Appropriations Subcommittee on Financial Services and General Government, June 9, 2009
  • Related postings on financial system

EIA: Outlook for Hurricane Production Outages, Short-Term Energy Outlook, International Petroleum Monthly

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The 2009 Outlook for Hurricane Production Outages in the Gulf of Mexico (06/09/2009): “EIA’s projections for hurricane production outages of crude oil and natural gas in the Gulf of Mexico for the 2009 hurricane season. Short-Term Energy Outlook June 2009 (06/09/2009): “Short-term energy projections for supply, demand, and price for the major fuels through 2010… Continue Reading

Congressional Oversight Panel Report: Stress Testing and Shoring Up Bank Capital

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“The Congressional Oversight Panel June 2009 Oversight Report, Stress Testing and Shoring Up Bank Capital, examines the recent stress tests conducted on America’s 19 largest bank holding companies (BHCs)…The Panel’s report examines how effectively Treasury and the Federal Reserve conducted the stress tests, specifically reviewing the government’s economic assumptions, their methods of calculating bank capitalization,… Continue Reading

New GAO Reports: Federal Energy and Fleet Management, Scientific Integrity, VA Health Care

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Federal Energy and Fleet Management: Plug-in Vehicles Offer Potential Benefits, but High Costs and Limited Information Could Hinder Integration into the Federal Fleet, GAO-09-493, June 09, 2009 Scientific Integrity: EPA’s Efforts to Enhance the Credibility and Transparency of Its Scientific Processes, GAO-09-773T, June 09, 2009 VA Health Care: Overview of VA’s Capital Asset Management, GAO-09-686T,… Continue Reading

DHS OIG: Progress in Addressing Security Challenges at Washington Dulles International Airport

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OIG-09-66 – DHS’ Progress in Addressing Technical Security Challenges at Washington Dulles International Airport (Redacted), May 2009 “…more work is needed to address physical and environmental control deficiencies. CBP also needs to implement technical controls to ensure that it is using the most current version of operating systems. Further, CBP [U.S. Customs and Border Protection]… Continue Reading

National Strategy to Reduce Drug Trafficking and Flow of Bulk Cash and Weapons Across Southwest Border

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News release: “U.S. Attorney General Eric Holder, U.S. Department of Homeland Secretary Janet Napolitano, and Director of National Drug Control Policy Gil Kerlikowske released President Obama’s strategy to stem the flow of illegal drugs and their illicit proceeds across the Southwest border and reduce associated crime and violence in the region. The National Southwest Border… Continue Reading

HUD and Fair Housing Partners Report Record Number of Housing Discrimination Complaints

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News release: “A record 10,552 fair housing discrimination complaints were filed in fiscal year 2008, according to a report just released by the U.S. Department of Housing and Urban Development. The State Of Fair Housing FY 2008, Annual Report On Fair Housing, which is produced for Congress each year, shows that a large portion of… Continue Reading