Daily TARP Update

July 2, 2012

The Office of Financial Stability (OFS) has updated the format of the Daily TARP Update (DTU) report. These changes are identified below. The updated format is designed to make the report 

easier to read and better represent some of the transactions that have occurred in the TARP program. The major changes are highlighted below using a copy of each version of the DTU for the 

same day. Transaction-level detail is available at: http://www.treasury.gov/initiatives/financial-stability/reports/Pages/default.aspx.

(*Dollars in Billions*) Obligated Disbursed Repayments

Refinancing 

to SBLF1 Write-offs

Realized 

Loss2 Outstanding Dividends3Interest3

Gain / Other 

Income2 Warrants Sold2 Total Income Total Cash Back4

Bank Support Programs

Capital Purchase Program (CPP)5

 Banks with Assets $10 Billion or Greater $ 165.33 $ 165.33 $ 158.40 $ - $ 2.55 $ 0.01 $ 4.37 $ 9.29 $ - $ - $ 7.43 $ 16.72 $ 175.12

 Banks with Assets Less Than $10 Billion $ 14.57 $ 14.57 $ 7.31 $ 2.21 $ 0.03 $ 0.19 $ 6.69 $ 1.46 $ - $ 0.00 $ 0.19 $ 1.65 $ 8.95

 Citigroup Common $ 25.00 $ 25.00 $ 25.00 $ - $ - $ - $ 0.93 $ - $ 6.85 $ 0.05 $ 7.84 $ 32.84

Targeted Investment Program (TIP)

 Bank Of America $ 20.00 $ 20.00 $ 20.00 $ - $ - $ - $ 1.44 $ - $ - $ 1.24 $ 2.67 $ 22.67

 Citigroup $ 20.00 $ 20.00 $ 20.00 $ - $ - $ - $ 1.57 $ - $ - $ 0.19 $ 1.76 $ 21.76

Asset Guarantee Program (AGP)

 Bank Of America $ - $ - $ - $ - $ - $ - $ - $ - $ 0.28 $ - $ 0.28 $ 0.28

 Citigroup6 $ 5.00 $ - $ - $ - $ - $ - $ 0.44 $ - $ 2.25 $ 0.07 $ 2.76 $ 2.76

Community Development Capital Initiative (CDCI)7

 Exchanges From CPP to CDCI $ 0.36 $ 0.36 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -

 Not From Exchanges $ 0.21 $ 0.21 $ 0.00 $ - $ - $ 0.57 $ 0.02 $ - $ - $ - $ 0.02 $ 0.02

Bank Program Totals8 $ 250.46 $ 245.10 $ 230.71 $ 2.21 $ 2.58 $ 0.20 $ 11.62 $ 15.15 $ - $ 9.38 $ 9.16 $ 33.69 $ 264.40

Credit Market Programs

Public-Private Investment Program (PPIP)

 Equity9 $ 7.51 $ 6.25 $ 1.43 $ - $ - $ 4.82 $ 0.67 $ - $ 0.08 $ - $ 0.75 $ 2.17

 Debt $ 14.35 $ 12.24 $ 2.99 $ - $ - $ 9.26 $ - $ 0.28 $ - $ - $ 0.28 $ 3.26

Term Asset Backed Securities Lending Facility $ 1.40 $ 0.10 $ - $ - $ - $ 0.10 $ - $ - $ - $ - $ - $ -

Purchase SBA 7(a) Securities (SBA) $ 0.37 $ 0.37 $ 0.36 $ - $ - $ 0.00 $ - $ 0.01 $ 0.00 $ - $ 0.01 $ 0.38

Credit Market Program Totals $ 23.62 $ 18.96 $ 4.77 $ - $ - $ 14.19 $ 0.67 $ 0.29 $ 0.08 $ - $ 1.03 $ 5.81 Other Programs

American International Group (AIG)10

 Common11 $ 47.54 $ 47.54 $ 11.58 $ - $ 5.52 $ 30.44 $ - $ - $ - $ - $ - $ 11.58

 Preferred $ 20.29 $ 20.29 $ 20.29 $ - $ - $ - $ 0.64 $ - $ 0.29 $ - $ 0.93 $ 21.23

AIG Totals $ 67.84 $ 67.84 $ 31.87 $ - $ 5.52 $ 30.44 $ 0.64 $ - $ 0.29 $ - $ 0.93 $ 32.81

Automotive Industry Financing Program (AIFP)

 GM12 $ 51.03 $ 51.03 $ 23.20 $ - $ 4.44 $ 23.39 $ - $ 0.77 $ 0.10 $ - $ 0.86 $ 24.07

 Chrysler $ 12.37 $ 12.37 $ 9.44 $ 1.60 $ 1.33 $ - $ - $ 1.19 $ 0.50 $ - $ 1.69 $ 11.13

 Ally (GMAC) $ 16.29 $ 16.29 $ 2.54 $ - $ 13.75 $ 2.87 $ - $ 0.13 $ - $ 3.00 $ 5.54

AIFP Totals $ 79.69 $ 79.69 $ 35.18 $ 1.60 $ 5.77 $ 37.14 $ 2.87 $ 1.95 $ 0.73 $ - $ 5.55 $ 40.73

Other Programs Totals $ 147.53 $ 147.53 $ 67.06 $ 1.60 $ 11.29 $ 67.58 $ 3.51 $ 1.95 $ 1.02 $ - $ 6.49 $ 73.54

Treasury Housing Programs Under TARP Making Homes Affordable $ 29.88 $ 3.41

HFA Hardest-Hit Fund $ 7.60 $ 1.07

FHA Refinance13 $ 8.12 $ 0.06

Housing Totals $ 45.60 $ 4.54

Grand Totals $ 467.22 $ 416.13 $ 302.54 $ 4.18 $ 11.49 $ 93.39 $ 19.33 $ 2.24 $ 10.48 $ 9.16 $ 41.21 $ 343.75

Principal/Investment Income/Revenue

Daily TARP Update for 7/2/2012

 

(*Dollars in Billions*) Obligated Disbursed Repayments

Refinancing to 

SBLF1

CPP Exchanges 

Into CDCI2 Write-offs & Realized Losses Outstanding Dividends3Interest3 Warrants Sold4 Other Income (Expenses)5 Total Income Total Cash Back6

Bank Support Programs

Capital Purchase Program (CPP)

 Banks with Assets $10 Billion or Greater $ 165.33 $ 165.33 $ 158.40 $ - $ - $ 2.56 $ 4.37 $ 9.29 $ - $ 7.43 $ (0.00) $ 16.72 $ 175.12

 Banks with Assets Less Than $10 Billion $ 14.57 $ 14.57 $ 7.31 $ 2.21 $ 0.36 $ 0.21 $ 6.70 $ 1.46 $ - $ 0.19 $ (0.01) $ 1.64 $ 8.95

 Citigroup Common7 $ 25.00 $ 25.00 $ 25.00 $ - $ - $ - $ 0.93 $ - $ 0.05 $ 6.85 $ 7.84 $ 32.84

Targeted Investment Program (TIP)

 Bank Of America $ 20.00 $ 20.00 $ 20.00 $ - $ - $ 1.44 $ - $ 1.24 $ - $ 2.67 $ 22.67

 Citigroup $ 20.00 $ 20.00 $ 20.00 $ - $ - $ 1.57 $ - $ 0.19 $ - $ 1.76 $ 21.76

Asset Guarantee Program (AGP)

 Bank Of America $ - $ - $ - $ - $ - $ - $ - $ - $ 0.28 $ 0.28 $ 0.28

 Citigroup $ 5.00 $ - $ - $ - $ - $ 0.44 $ - $ 0.07 $ 2.25 $ 2.76 $ 2.76

Community Development Capital Initiative (CDCI) $ 0.57 $ 0.21 $ 0.00 $ (0.36) $ - $ 0.57 $ 0.02 $ - $ - $ - $ 0.02 $ 0.02

Bank Program Totals $ 250.46 $ 245.10 $ 230.71 $ - $ 2.77 $ 11.63 $ 15.15 $ - $ 9.16 $ 9.37 $ 33.68 $ 264.39

Credit Market Programs

Public-Private Investment Program (PPIP)

 Equity8 $ 7.51 $ 6.25 $ 1.43 $ - $ 4.82 $ 0.67 $ - $ - $ 0.08 $ 0.75 $ 2.17

 Debt $ 14.35 $ 12.24 $ 2.99 $ - $ 9.26 $ - $ 0.28 $ - $ - $ 0.28 $ 3.26

Term Asset Backed Securities Lending Facility $ 1.40 $ 0.10 $ - $ - $ 0.10 $ - $ - $ - $ - $ - $ -

Purchase SBA 7(a) Securities (SBA) $ 0.37 $ 0.37 $ 0.36 $ - $ 0.00 $ - $ 0.01 $ - $ 0.00 $ 0.01 $ 0.38

Credit Market Program Totals $ 23.62 $ 18.96 $ 4.77 $ - $ 14.19 $ 0.67 $ 0.29 $ - $ 0.08 $ 1.03 $ 5.81 Other Programs

American International Group (AIG)9

 Common $ 47.54 $ 47.54 $ 11.58 $ 5.52 $ 30.44 $ - $ - $ - $ - $ - $ 11.58

 Preferred $ 20.29 $ 20.29 $ 20.29 $ - $ - $ 0.64 $ - $ - $ 0.29 $ 0.93 $ 21.23

AIG Totals $ 67.84 $ 67.84 $ 31.87 $ 5.52 $ 30.44 $ 0.64 $ - $ - $ 0.29 $ 0.93 $ 32.81

Automotive Industry Financing Program (AIFP)

 GM10 $ 51.03 $ 51.03 $ 23.20 $ 4.34 $ 23.49 $ - $ 0.77 $ - $ (0.00) $ 0.76 $ 23.97

 Chrysler $ 12.37 $ 12.37 $ 9.44 $ 2.93 $ - $ - $ 1.19 $ - $ 0.50 $ 1.69 $ 11.13

 Ally (GMAC) $ 16.29 $ 16.29 $ 2.54 $ - $ 13.75 $ 2.87 $ - $ - $ 0.13 $ 3.00 $ 5.54

AIFP Totals $ 79.69 $ 79.69 $ 35.18 $ 7.26 $ 37.24 $ 2.87 $ 1.95 $ - $ 0.62 $ 5.45 $ 40.63

Other Programs Totals $ 147.53 $ 147.53 $ 67.06 $ 12.79 $ 67.68 $ 3.51 $ 1.95 $ - $ 0.92 $ 6.38 $ 73.44

Treasury Housing Programs Under TARP Making Homes Affordable $ 29.88 $ 3.41

HFA Hardest-Hit Fund $ 7.60 $ 1.07

FHA Refinance11 $ 8.12 $ 0.06

Housing Totals $ 45.60 $ 4.54

TARP Totals $ 467.22 $ 416.13 $ 302.54 $ - $ 15.55 $ 93.50 $ 19.33 $ 2.24 $ 9.16 $ 10.36 $ 41.10 $ 343.63 Additional Treasury Holdings

Additional AIG Common Shares Held by Treasury9 $ 5.97 $ 5.97 $ 5.97

Total for TARP Programs and Additional AIG Shares $ 467.22 $ 416.13 $ 302.54 $ - $ 15.55 $ 93.50 $ 19.33 $ 2.24 $ 9.16 $ 16.33 $ 47.06 $ 349.60

Daily TARP Update for 7/2/2012

Principal/Investment Income/Revenue

 

Write-offs and realized losses have been combined. 

Disposition expenses are no longer included in realized losses 

– they were moved to the [Other Income (Expenses)] column.

[CPP Exchanges Into CDCI] column added to 

show non-cash repayments from exchanges out 

of CPP, into CDCI. Disbursements for 

exchanges into CDCI from CPP are represented 

as negative numbers in this column.

[Outstanding] = [Disbursed] -

[Repayments] – [Exchanges] –

[Write-offs & Realized Losses]

[Other Income (Expenses)] 

includes gains on sales, 

investment income, fees 

collected, and disposition

expenses. 

Disposition expenses are included in [Other 

Income (Expenses)], reducing the previous 

amount in all three columns by these expenses. 

Section added for Additional Treasury Holdings to show additional 

AIG Common Shares Held by Treasury. A total with TARP 

Programs and Additional AIG Shares was also added. This 

presentation is similar to that used for the cost estimates in the 

monthly 105(a) report to Congress.

OLD FORMAT NEW FORMAT