Troubled Assets Relief Program – Monthly Progress Report – August 2009, released September 10, 2009: “The Troubled Assets Relief Program or TARP was established pursuant to the Emergency Economic Stabilization Act of 2008 or EESA. This law was adopted on October 3, 2008 in response to the severe financial crisis facing our country. To carry out its duties under the law, Treasury has developed a number of programs to stabilize our financial system and the housing market. These programs are described in this report. These efforts, together with the American Recovery and Reinvestment Act, help lay the financial foundation for economic recovery. The following are some key developments that took place in August under these programs:

• The U.S. Treasury received $1.85 billion in dividend, interest and fee payments from all TARP Programs in August 2009
  – Total dividends and interest payments received since inception of TARP through August 31, 2009 is $9.36 billion

• 3 banks repaid $140 million of Treasury investments in August, bringing the total amount of investments repaid to $70.3 billion through August 2009
• Treasury made new investments in 9 banks totaling $129.9 million in August 2009…”
• Related postings on financial system