US Troubled Asset Relief Program (TARP) passage and disbursement (October 2008–2010)

1. Congress authorizes TARP in EESA law

   Oct 3, 2008Labels: Emergency Economic, George W, U S

   • Fed Annual 2008
   • Treasury TARP

2. Treasury launches Capital Purchase Program (CPP)

   Oct 14, 2008Labels: Capital Purchase, U S

   • GAO CPP
   • Treasury Testimony

3. Treasury commits $125 billion to nine large banks

   Oct 14, 2008Labels: Nine banks, CPP investment

   • GAO CPP

4. Treasury begins CPP capital purchases

   Oct 28, 2008Labels: CPP purchases, U S

   • GAO CPP

5. Treasury announces additional Citigroup aid under TIP

   Nov 1, 2008Labels: Citigroup, Targeted Investment

   • Treasury Testimony

6. Treasury provides initial $40 billion TARP support to AIG

   Nov 25, 2008Labels: AIG, U S

   • CRS AIG
   • Grassley Release

7. Treasury signs first auto-rescue agreement with General Motors

   Dec 31, 2008Labels: General Motors, AIFP

   • Congress Print

8. Treasury signs Chrysler loan agreement under AIFP

   Jan 2, 2009Labels: Chrysler, AIFP

   • Congress Print

9. Treasury invests $20 billion more in Bank of America

   Jan 16, 2009Labels: Bank of, Targeted Investment

   • SIGTARP Report

10. Treasury and bank regulators announce CAP and SCAP stress tests

    Feb 10, 2009Labels: SCAP, Capital Assistance

    • Fed Annual 2009
    • Treasury SCAP

11. Treasury and Fed announce launch of TALF with TARP support

    Mar 3, 2009Labels: TALF, Federal Reserve

    • Treasury TALF

12. Treasury issues HAMP guidelines under Making Home Affordable

    Mar 4, 2009Labels: HAMP, Making Home

    • Congress Print
    • FDIC Archive

13. Treasury announces Public-Private Investment Program (PPIP)

    Mar 23, 2009Labels: PPIP, Legacy securities

    • Treasury PPIP
    • GAO Audit

14. Treasury exchanges AIG preferred stock as part of restructuring

    Apr 17, 2009Labels: AIG, Treasury restructuring

    • Grassley Release
    • CRS AIG

15. Stress test results released publicly

    May 7, 2009Labels: SCAP results, Large banks

    • Fed Annual 2009
    • Treasury SCAP

16. Helping Families Save Their Homes Act becomes law

    May 20, 2009Labels: Helping Families, Barack Obama

    • Congress gov
    • Congress Record

17. Treasury approves major CPP repayments from 10 large banks

    Jun 9, 2009Labels: CPP repayments, Large banks

    • Treasury PR

18. Large banks repay $68 billion in CPP funds

    Jun 17, 2009Labels: CPP repayments, Ten institutions

    • Treasury PR
    • LA Times

19. Treasury closes CAP without making investments

    Nov 9, 2009Labels: CAP closure, U S

    • Treasury PR
    • Treasury SCAP

20. Bank of America repays $45 billion in TARP capital

    Dec 9, 2009Labels: Bank of, TARP repayment

    • SIGTARP Report

21. Congress enacts Dodd-Frank, narrowing TARP authority

    Jul 21, 2010Labels: Dodd-Frank Act, Barack Obama

    • Congress Print
    • CRS TARP

22. TARP’s authority for new commitments expires

    Oct 3, 2010Labels: TARP expiration, U S

    • CRS TARP
    • Fed Annual 2008