TROUBLED ASSET RELIEF PROGRAM: Status of Participants' Dividend Payments and Repurchases of Preferred Stock and Warrants

July 2009
GAO Reports;7/9/2009, preceding p1
Government Document
The article focuses on the Troubled Asset Relief Program (TRAP) and discusses the status of participants' dividend payments and repurchases of preferred stock and warrants. It is stated that according to TRAP, the U.S. Department of Treasury has the authority to purchase and insure through its Office of Financial Stability (OFS).It is mentioned that the Department of treasury earned a lot through TRAP but it has al started disbursing funds and has already disbursed 339 million dollars.


Related Articles

  • STILL STUCK ON TARP. Snyder, Naomi // Bank Director;2012 3rd Quarter, Vol. 22 Issue 3, p21 

    The article discusses the outcome of the U.S. Treasury Department's Troubled Asset Relief Program (TARP). It discusses what happens to TARP banks in the Capital Purchase Program when annual dividends rate on the preferred stock increases. It explains why community banks are the ones struggling...

  • GETTING IT RIGHT. Sloan, Allan // Fortune International (Asia);6/22/2009, Vol. 159 Issue 12, p74 

    The article analyzes the decision of the U.S. Treasury Department to not purchase troubled assets through the $700 billion Troubled Asset Relief Program (TARP). It reports that the Treasury Department used the fund to acquire preferred stock in banks to boost their capital. The Public-Private...

  • Treasury to Auction Tarp Stock. Davidson, Kate // American Banker;3/16/2012, Vol. 177 Issue F311, p15 

    The article announces that the U.S. Treasury Department will auction off its preferred stock in six U.S. Troubled Asset Relief Program (TARP) banks on March 26, 2012, including Banner Corp., First Financial Holdings Inc., and Seacoast Banking Corp.

  • Banks Are Sold on Warrant Auctions. Monks, Matthew; Hopkins, Cheyenne // American Banker;2/19/2010, Vol. 175 Issue F307, p1 

    The article discusses the U.S. Treasury Department's auctioning of stock warrants that it took in Bank of America Corporation, Washington Federal Incorporated, Texas Capital Bancshares, and Signature Bank as part of the Troubled Asset Relief Program (TARP). According to the article, the Treasury...

  • The Bailout Yearbook: The Stars and the Slackers. Weise, Karen // Pro Publica;9/26/2010, p11 

    The article focuses on the federal bailout fund which will expire on October 3. The new programs will not be started by the government after that but the payment of money will be continued. In 2008, the U.S. Treasury Department was authorized to spend 700 billion dollars in the Troubled Asset...

  • Treasury to Sell Its Tarp Stakes in Six More Banks. Cumming, Chris // American Banker;2/6/2013, Vol. 178 Issue 20, p3 

    The article reports the U.S. Treasury Department plans to auction off $313 million in preferred stock and subordinated debt investments of six financial institutions that received bailouts from the Troubled Asset Relief Program (Tarp). The companies include Flagstar Bancorp, Ridgestone Financial...

  • Midwest's Revival Plan Takes Key Step Forward. Barba, Robert // American Banker;1/25/2010, Vol. 175 Issue 12, p1 

    The article reports that Midwest Banc Holdings Incorporated of Melrose Park, Illinois has announced that it persuaded over 80% of its preferred shareholders to convert to common shareholders. According to the article, while it still has credit problems, this exchange is considered essential in...

  • United in Michigan Repays Tarp Funds. Cumming, Chris // American Banker;12/30/2013, Vol. 178 Issue 198, p15 

    The article reports on the redemption of bank holding company United Bancorp. (UMBI) of its shares from Troubled Asset Relief Program (TARP). Among the key topics that were discussed include banks payment in its $10.4 million dividends from it of the company, $918 million asset that the bank has...

  • GAO Criticizes Treasury's Tarp Dividend Process. Flitter, Emily; Adler, Joe // American Banker;4/1/2009, Vol. 174 Issue 62, p16 

    The article reports that the U.S. Government Accountability Office (GAO) found that eight U.S. banks that accepted money from the Troubled Asset Relief Program (TARP) did not pay dividends owed to the U.S. Treasury Department. The Treasury has not pursued these dividends, and the GAO said that a...


Read the Article

Other Topics