Financial Crisis News Center

Registered Lobbyist Contact Disclosure Form Released

This story appeared in Bank Digest.

The following Registered Lobbyist Contact Disclosure Form has been released. The form is completed by executive branch employees who are contacted by registered lobbyists regarding the Emergency Economic Stabilization Act. The report includes a written description of each contact, the date and time of the contact and the names of the registered lobbyists and the employees with whom the contact took place.

Independent Community Bankers of America—12/17/2009. Meeting to discuss community bank participation in the Capital Purchase Program and in newly announced TARP programs such as the small business lending program.

Treasury Releases Latest Capital Purchase Program Transactions

This story appeared in Bank Digest.

The Treasury Department has released the latest transactions completed under its Capital Purchase Program. As of Dec. 15, 2009, the Treasury Department has received $96,250,045,000 in capital repayments.

Treasury Posts CPP Contracts

This story appeared in Bank Digest

In its move to increase transparency, the Treasury Department has posted the investment contracts it has entered into with banks under the Capital Purchase Program (CPP). Unless otherwise noted, the contracts were executed on Dec. 11, 2009: Broadway Financial Corporation (12-4-09); Delmar Bancorp (12-4-09); Fidelity Federal Bancorp (11-13-09); First Community Financial Partners, Inc.; First Resource Bank II; First Western Financial, Inc.; HPK Financial Corporation (11-13-09); Liberty Bancshares, Inc. (12-4-09); Nationwide Bankshares, Inc.; Presidio Bank (11-20-09); and Wachusett Financial Services, Inc.

Treasury Department Issues Cumulative Dividends Report

This story appeared in Bank Digest.

The Treasury Department has released its Cumulative Dividends Report as of Nov. 30, 2009. The report covers the dividends paid by financial institutions that have received assistance from the federal government pursuant to such programs as the Capital Purchase Program, Systemically Significant Failing Institution Program or Automotive Industry Financing Program.

Treasury Releases Latest Capital Purchase Program Transactions

This story appeared in Bank Digest.

The Treasury Department has released the latest transactions completed under its Capital Purchase Program. As of Dec. 15, 2009, the Treasury has invested $204,808,576,320 in 768 financial institutions. In addition, $4,014,337,003 in warrant proceeds have been repurchased by financial institutions or sold by the Treasury as part of a registered public offering of the warrants issued by the financial institution.

SIGTARP Reviews CPP Exit Process

This story appeared in Bank Digest.

The Office of the Special Inspector General for the Troubled Asset Relief Program has issued an Engagement Memorandum regarding the exit process for the Capital Purchase Program. Specifically, the SIGTARP seeks to assess the process the Office of Financial Stability has established for banks to exit the CPP including the role of the federal banking regulators in the process.

October 2009 Monthly Bank Lending Survey Released

This story appeared in Bank Digest.

The Treasury Department has released results from its monthly bank lending survey for October with data from the top 22 recipients of government investments through the Capital Purchase Program (CPP). The October survey found that outstanding loan balances increased 5 percent from October 2008 to October 2009 and total originations decreased 9 percent from October 2008.

Treasury Releases Latest Capital Purchase Program Transactions

This story appeared in Bank Digest.

The Treasury Department has released the latest transactions completed under its Capital Purchase Program. As of Dec. 10, 2009, $4,004,737,039 in warrant proceeds have been repurchased by financial institutions or sold by the Treasury as part of a registered public offering of the warrants issued by the financial institution.

Treasury Releases Latest Capital Purchase Program Transactions

This story appeared in Bank Digest.

The Treasury Department has released the latest transactions completed under its Capital Purchase Program. As of Dec. 9, 2009, the Treasury has received $96,249,045,000 in capital repayments.

Treasury Releases Latest Capital Purchase Program Transactions

This story appeared in Bank Digest.

The Treasury Department has released the latest transactions completed under its Capital Purchase Program. As of Dec. 4, 2009, the Treasury has invested $204,736,087,320 in 758 financial institutions.