Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Survey Demonstrates that Banks Can Provide Meaningful Information on Their Use of TARP Funds

July 20, 2009 – Special Inspector General for the Troubled Asset Relief Program Survey Demonstrates That Banks Can Provide Meaningful Information On Their Use Of TARP Funds

  • “Although most banks reported that they did not segregate or track TARP fund usage on a dollar-for-dollar basis, most banks were able to provide insights into their actual or planned use of TARP funds. Over 98% of survey recipients reported their actual uses of TARP funds. Many banks reported that TARP funds allowed them to increase lending for residential and commercial loans, small business loans, credit card loans, and other types of lending. Most firms reported multiple and sometimes interrelated uses; a majority of respondents’ reported that they used the funds primarily for lending, building capital reserves and investing..”
  • Related postings on financial system
  • Sorry, comments are closed for this post.