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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.

Below are the top 25 bailout money recipients thus far.

CompanyTypeStateAmount
(in millions)
Bank of America
 (incl. Merrill Lynch)
BankNC$45,000
CitigroupBankNY$45,000
AIGInsurance CorpNY $40,000
JPMorgan ChaseBankNY$25,000
Wells FargoBankCA$25,000
General MotorsAuto CompanyMI$14,284
Morgan Stanley BankNY$10,000
Goldman SachsBankNY$10,000
PNC Financial ServicesBankPA$7,579.2
U.S. Bancorp BankMN$6,599
ChryslerAuto CompanyMI$5,500
GMACFinancial ServicesMI$5,000
SunTrustBankGA$4,900
Capital One Financial Corp.BankVA$3,555.2
Regions Financial Corp.BankAL$3,500
Fifth Third BancorpBankOH$3,408
American ExpressFinancial ServicesNY$3,388.9
BB&TBankNC$3,133.6
Bank of New York MellonBankNY$3,000
KeyCorpBankOH$2,500
CIT Group CommercialBankNY$2,330
Comerica IncorporatedBankTX$2,250
State StreetBankMA$2,000
Marshall & IlsleyBankWI$1,715
Northern TrustBankIL$1,576
Zions BancorpBankUT$1,400


Source: ProPublica
 
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