Treasury Updates TARP Status

January 6, 2009

Authored by: Robert Klingler

Informed sources tell us that Treasury officials met with the federal banking agencies on January 5, 2009 and re-confirmed that:

  • there are sufficient TARP Capital funds available to fulfill the needs of all eligible public, private and Subchapter S institutions; and
  • Treasury is fully committed to completing the TARP Capital program for all eligible public, private, and Subchapter S institutions.

While no term sheet has been released for Subchapter S institutions, we continue to receive assurances that S Corp TARP Capital funding is on the way.