Program Purpose and Overview
Treasury invested approximately $245 billion across five distinct bank programs. Each of these programs was established to accomplish different goals as part of the overall effort to stabilize America's banking system.
Treasury has already recovered an amount that is greater than what was invested in banks under TARP. Taxpayers began to see a positive return on their bank investments in March 2011. Every additional dollar that is recovered from TARP's bank investments represents an additional return for the taxpayers.
Key Facts
- TARP bank investment programs succeeded in helping to stabilize the banking system.
- TARP funds were invested in both large and small banking institutions.
- TARP's bank programs earned significant positive returns for taxpayers. As of January 31, 2013, Treasury has recovered more than $268 billion through repayments and other income -- $23 billion more than the $245 billion originally invested.
- Treasury estimates that taxpayers will earn more than $23 billion in lifetime positive returns from their investments in banks under TARP.
- No more taxpayer money is being invested in banks under TARP. The final investment under the Capital Purchase Program (CPP) – the largest bank program under TARP – was made in December 2009. Treasury is now focused on recovering TARP funds in a manner that maximizes returns for the taxpayers and promotes America's financial stability.