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Treasury Releases First Monthly Bank Lending Survey

News release: “The U.S. Department of the Treasury released today its first monthly bank lending survey designed to provide new, more frequent and more accessible information on banks’ lending activities to help taxpayers easily assess the lending and other activities of banks receiving government investments. Despite the negative effects of the economic downturn and unprecedented financial markets crisis, the first survey of the top 20 recipients of government investment through the Capital Purchase Program (CPP) found that banks continued to originate, refinance and renew loans from the beginning of the program in October through December 2008.”

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