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Dwindling Treasury Holdings of TARP Stock

July 17, 2014

Authors

Robert Klingler

Dwindling Treasury Holdings of TARP Stock

July 17, 2014

by: Robert Klingler

Out of the original investment of $204.9 billion in 707 institutions under the TARP CPP program, the U.S. Treasury currently only holds its original investment in 44 financial institutions representing a total outstanding investment of $422 million. In other words, the Treasury still holds its investment in about 6% of the financial institutions invested in through the CPP program, but those institutions represent only 0.2% of the amount invested. As the U.S. has already collected $225.9 billion in total TARP CPP proceeds, the ultimate disposition of the remaining 44 financial institutions will have no material impact on the $20 billion

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US TARP CPP Portfolio as of March 2014

March 19, 2014

Authors

Robert Klingler

US TARP CPP Portfolio as of March 2014

March 19, 2014

by: Robert Klingler

Out of the original investment of $204.9 billion in 707 institutions under the TARP CPP program, the U.S. Treasury currently only holds its original investment in 67 financial institutions representing a total outstanding investment of $641 million. In other words, the Treasury still holds its investment in about 10% of the financial institutions invested in through the CPP program, but those institutions represent less than 0.4% of the amount invested. As the U.S. has already collected $225.0 billion in total TARP CPP proceeds, the ultimate disposition of the remaining 67 financial institutions will have no material impact on the $20

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TARP – Where Are We Now?

May 7, 2013

Authors

Robert Klingler

TARP – Where Are We Now?

May 7, 2013

by: Robert Klingler

As of May 3, 2013, the U.S. Treasury has completed auctions for TARP CPP investments in 126 financial institutions, representing an original principal investment of $2.7 billion.  The Treasury continues to hold TARP CPP investments in 159 financial institutions, representing an original principal investment of $4.9 billion.  (Note, the Treasury has already received over $17 billion more in repayments then it originally invested as part of the TARP CPP program; even if Treasury receives zero return on the remaining investments, it will still be a profitable investment for the Treasury.)

Out of the 53 investments that Treasury identified in

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Results of Sixteen TARP Auction Rounds

May 6, 2013

Authors

Robert Klingler

Results of Sixteen TARP Auction Rounds

May 6, 2013

by: Robert Klingler

In April, the U.S. Treasury completed its sixteenth round of individual auctions of TARP CPP securities.  By my calculations, Treasury has now completed auctions of its investments in 126 financial institutions, with auction sales totaling approximately $2.4 billion at an aggregate discount of approximately 15%.

The 126 institutions originally represented $2.75 billion in investments in U.S. depository institutions, ranging from investments as small as $430,000 to as large as $267 million.  When you combine the dividends that have been paid to the U.S. Treasury by these institutions, the Treasury has received a gross profit of approximately $110 million.  The fact

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The Positive Local Impact of TARP

January 3, 2013

Authors

Robert Klingler

The Positive Local Impact of TARP

January 3, 2013

by: Robert Klingler

On December 19, 2012, the recipient of smallest TARP CPP Investment repaid Treasury in full.   Freeport State Bank got $301,000 under the TARP Capital Purchase Program, and repaid in full, including $61,900 in dividends and ’s main bank rescue–the tiniest sum among the 707 institutions that signed up back in 2008 and 2009.  Speaking to the Wall Street Journal, the bank’s chairman and CEO, Leon Drouhard, explained the critical role TARP played in stabilizing the economy during the worst financial crisis since the Great Depression.

“[TARP] has been a very important thing and it has been a beneficial

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Treasury Updates TARP Wind-Down Plans

December 19, 2012

Authors

Robert Klingler

Treasury Updates TARP Wind-Down Plans

December 19, 2012

by: Robert Klingler

On December 18, 2012, the Treasury provided an update on the wind down of the TARP bank investment programs and also announced the future auction of 53 TARP investments, approximately 25% of the remaining pool of investments.

As previously announced, Treasury is pursuing three basic options to exit the TARP program:  (1) waiting for banks to repay; (2) selling investments (typically by auction); and, in limited circumstances,  (3) restructuring investments to facilitate repayment or sale.  Since March 2012, Treasury has completed 91 auctions and had an additional 49 banks repay Treasury at par value.  Treasury indicated that,

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What do the Remaining TARP CPP Investments Look Like?

April 19, 2012

Authors

Robert Klingler

What do the Remaining TARP CPP Investments Look Like?

April 19, 2012

by: Robert Klingler

As of the April 18, 2012 Daily TARP Update, the Treasury disbursed a total of $204.9 billion under the TARP Capital Purchase Program, and has since received a total cash return of $216.2 billion.  Accordingly, without event taking into account the remaining CPP investments or the potential ramifications to the economy had the CPP program not been implemented, the TARP CPP program has been a financial success, resulting in an investment profit of over $11.2 billion to U.S. taxpayers.

However, according to the April 17, 2012 TARP Transactions Report, a total of 346 institutions still have

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December TARP Capital Infusions – TARP Map and List of Recipients Updated

January 22, 2010

Authors

Bryan Cave Leighton Paisner

December TARP Capital Infusions – TARP Map and List of Recipients Updated

January 22, 2010

by: Bryan Cave Leighton Paisner

During the month of December, the Treasury completed rounds fifty-two, fifty-three, fifty-four, fifty-five, and fifty-six of TARP Capital infusions.  In these five rounds, which closed on December 4,  December 11, December 18, December 22, and December 29, respectively, the Treasury purchased a total of approximately $159 million in securities from 37 financial institutions (24 of which previously received a TARP capital infusion).  Through December 2009, the Treasury had invested in 709 institutions, totaling approximately $204.9 billion.

In these five rounds, First Community Financial Partners received the largest infusion, $22 million, and Valley Financial Group Ltd. received the smallest infusion, $1.3 million.

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November TARP Capital Infusions – TARP Map and List of Recipients Updated

December 16, 2009

Authors

Bryan Cave Leighton Paisner

November TARP Capital Infusions – TARP Map and List of Recipients Updated

December 16, 2009

by: Bryan Cave Leighton Paisner

During the month of November, the Treasury completed rounds forty-ninefifty, and fifty-one of TARP Capital infusions.  In these three rounds, which closed on November 6,  November 13, and November 20, respectively, the Treasury purchased a total of approximately $38 million in securities from 7 financial institutions (3 of which previously received a TARP capital infusion).  Through November 2009, the Treasury had invested in 696 institutions, totaling approximately $204.7 billion.

In these three rounds, Presidio Bank, San Francisco, California, received the largest infusion, $10 million, and Community Pride Bank Corporation, received the smallest infusion, $4.4 million.

Of note during the month of November, F&M Bancshares,

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September TARP Capital Infusions – TARP Map and List of Recipients Updated

October 5, 2009

Authors

Bryan Cave Leighton Paisner

September TARP Capital Infusions – TARP Map and List of Recipients Updated

October 5, 2009

by: Bryan Cave Leighton Paisner

During the month of September, the Treasury completed rounds forty-two, forty-three, forty-four, and forty-five of TARP Capital infusions.  In these four rounds, which closed on September 4, September 11, September 18, and September 25, respectively, the Treasury purchased a total of approximately $141 million in securities from 14 financial institutions.  Through September 2009, the Treasury had invested in 687 institutions, totaling approximately $204.6 billion.

In these four rounds, Community Bancshares of Mississippi, Inc., Brandon, Mississippi, received the largest infusion, $52 million, and State Bank of Bartley, Bartley, Nebraska, received the smallest infusion, $1.7 million. 

During September, seven financial institutions re-paid their

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