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Week of 1.30.09
Show Me the TARP Money
The Troubled Asset Relief Program (TARP) —the $700 billion bill passed and signed in October to help restore stability to the country's financial system —has so far invested $295.2 billion in American companies. According to ProPublica , 355 financial institutions have so far received bailout funds.Company Type State Amount Bank of America Bank NC $45,000 Citigroup Bank NY $45,000 AIG Insurance Corp NY $40,000 JPMorgan Chase Bank NY $25,000 Wells Fargo Bank CA $25,000 General Motors Auto Company MI $14,284 Morgan Stanley Bank NY $10,000 Goldman Sachs Bank NY $10,000 PNC Financial Services Bank PA $7,579.2 U.S. Bancorp Bank MN $6,599 Chrysler Auto Company MI $5,500 GMAC Financial Services MI $5,000 SunTrust Bank GA $4,900 Capital One Financial Corp. Bank VA $3,555.2 Regions Financial Corp. Bank AL $3,500 Fifth Third Bancorp Bank OH $3,408 American Express Financial Services NY $3,388.9 BB&T Bank NC $3,133.6 Bank of New York Mellon Bank NY $3,000 KeyCorp Bank OH $2,500 CIT Group Commercial Bank NY $2,330 Comerica Incorporated Bank TX $2,250 State Street Bank MA $2,000 Marshall & Ilsley Bank WI $1,715 Northern Trust Bank IL $1,576 Zions Bancorp Bank UT $1,400
Source: ProPublica
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