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Troubled Asset Relief Program Monthly 105(a) Report – August 2011

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Troubled Asset Relief Program (TARP) Monthly 105(a) Report – August 2011, released September 11, 2011

  • “The Troubled Asset Relief Program was established pursuant to the Emergency Economic Stabilization Act of 2008 (EESA). Two and a half years after the establishment of the TARP, we are making substantial progress in unwinding the extraordinary assistance that had to be provided during the crisis. Treasury has moved quickly to reduce the dependence of the financial system on emergency support and to return our financial institutions to private hands as quickly as possible. When President Obama took office, the U.S. government had made investments in banks representing approximately 75 percent of U.S. bank holding companies by assets. Today, banks that have not yet repaid Treasury for its investments represent only about 8 percent of bank holding companies by assets. Moreover, as of today, taxpayers have recovered more than $255 billion from TARP’s bank programs through repayments, dividends, interest, and other income — over $10 billion more than the $245 billion invested in banks.”
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