On this page, you can learn more about the Troubled Asset Relief Program (TARP), how TARP dollars have been spent, and TARP's impact on the economy, and you can read the Panel's correspondence with Treasury and other agencies. For further details about the Panel and its members, please visit the About Us page.
TARP Accounting
Treasury has committed a total of up to $475 billion in TARP funds, of which $158.1 billion is currently outstanding. The chart below displays current funding for several programs, as well as the current cap on foreclosure prevention payments.
Details of the Panel's accounting for TARP in past months are available below.
TARP Metrics
The Panel tracks a number of metrics that are useful in assessing the effectiveness of TARP. The graph below displays foreclosure rates (the red line) and the Case-Shiller home price index (the blue line). In general, higher foreclosure rates and lower home prices indicate weakness in the housing market.
Details of various economic metrics in past months are available below.
Panel Correspondence
In the course of its oversight work, the Panel frequently corresponds with Treasury, other federal agencies, and other entities with a stake in the TARP. Copies of letters sent by and to the Panel are available below.
| Date |
Letter |
| 03/14/2011 |
Letter from Acting Secretary Massad to Chair Kaufman, Re: Treasury Website |
| 03/07/2011 |
Letter from Chair Kaufman to Secretary Geithner, Re: Treasury Website |
| 11/18/2010 |
Letter from Special Master Geoghegan to Chair Kaufman, Re: Follow-Up to Executive Compensation Hearing |
| 11/01/2010 |
Letter from Chair Kaufman to Special Master Geoghegan, Re: Follow-Up to Executive Compensation Hearing |
| 05/18/2010 |
Letter from Secretary Allison to Chair Warren, Re: GM Loan Repayment |
| 05/06/2010 |
Letter from Chair Warren to Secretary Geithner, Re: GM Repayment to TARP |
| 05/03/2010 |
Letter from Secretary Geithner to Chair Warren, Re: CPP Restructuring |
| 04/13/2010 |
Letter from Chair Warren to Secretary Geithner, Re: Follow-Up Questions on TARP-Recipient Banks |
| 02/16/2010 |
Letter from Secretary Geithner to Chair Warren, Re: Executive Compensation |
| 01/13/2010 |
Letter from Secretary Geithner to Chair Warren, Re: CIT Group |
| 01/11/2010 |
Letter from Chair Warren to Secretary Geithner, Re: CIT Group |
| 12/24/2009 |
Letter from Chair Warren to Secretary Geithner, Re: Executive Compensation |
| 12/10/2009 |
Letter from Secretary Geithner to Chair Warren, Re: Stress Tests |
| 11/25/2009 |
Letter from Chair Warren to Secretary Geithner, Re: CIT Group |
| 11/25/2009 |
Letter from Chair Warren to Secretary Geithner, Re: Stress Tests |
| 11/25/2009 |
Letter from Chair Warren to Secretary Allison, Re: Testimony |
| 10/08/2009 |
Letter from Chairman Bernanke to Chair Warren, Re: GAO report |
| 09/15/2009 |
Letter from Chair Warren to Secretary Geithner, Re: Stress Tests |
| 07/29/2009 |
Letter from Secretary Allison in Response to Chair Warren's Letter, Re: Foreclosure Data |
| 07/21/2009 |
Letter from Secretary Geithner in Response to Chair Warren's Letter, Re: Temporary Guarantee Program for Money Market Funds |
| 07/20/2009 |
Letter from Chair Warren to Secretary Geithner and Chairman Bernanke, Re: Confidential Memoranda |
| 07/01/2009 |
Letter from Secretary Geithner in Response to Chair Warren's Letter Requesting Information on the Repayment of TARP Assistance |
| 06/29/2009 |
Letter from Chair Warren and Member Neiman to Secretary Geithner, Re: Foreclosure Data |
| 06/12/2009 |
Letter from Chair Warren to Secretary Geithner Requesting Information on the Repayment of TARP Assistance |
| 05/26/2009 |
Letter from Chair Warren to Secretary Geithner, Re: Temporary Guarantee Program for Money Market Funds |
| 05/19/2009 |
Letter from Chair Warren to Secretary Geithner and Chairman Bernanke, Re: Bank of America |
| 05/12/2009 |
Letter from Chair Warren to Secretary Geithner, Re: June Hearing |
| 05/11/2009 |
Letter from Chair Warren to Chairman Bernanke, Re: Capital Assistance Program |
| 04/23/2009 |
Letter from Attorney General Cuomo to Chair Warren and Others, Re: Bank of America and Merrill Lynch |
| 04/20/2009 |
Initial Response Letter from Secretary Geithner, Re: AIG |
| 04/16/2009 |
Letter from Chair Warren to Chairman Bernanke and President Dudley, Re: AIG |
| 04/02/2009 |
Letter from Secretary Geithner to Chair Warren, Re: Financial Stability Plan |
| 04/01/2009 |
Letter from Chairman Bernanke to Chair Warren, Re: TALF |
| 03/30/2009 |
Letter from Chair Warren to Secretary Geithner, Re: Stress Tests |
| 03/25/2009 |
Letter from Chair Warren to Secretary Geithner, Re: Responsiveness |
| 03/24/2009 |
Letter from Chair Warren to Secretary Geithner, Re: AIG |
| 03/20/2009 |
Letter from Chair Warren to Secretary Geithner, Re: TALF |
| 03/05/2009 |
Letter from Chair Warren to Secretary Geithner, Re: Financial Stability Plan |
| 02/23/2009 |
Letter from Secretary Geithner to Chair Warren, Re: Treasury's Strategy |
| 02/04/2009 |
Letter from Chair Warren to Secretary Geithner, Re: Mortgage Survey |
| 02/2009 |
Letter from Congressional Oversight Panel to Numerous Recipients, Re: Mortgage Survey |
| 01/28/2009 |
Letter from Chair Warren to Secretary Geithner, Re: Treasury's Strategy |
| 12/30/2008 |
Treasury Department Responses to Questions of the Panel |
| 12/17/2008 |
Letter from Chair Warren to Secretary Paulson, Re: Questions of the Panel |
