TARP Recipients

It has been years since the Emergency Economic Stabilization Act of 2008, commonly referred to as a bailout of the U.S. financial system, became law.  Lest we forget, the bailout was in response to bad loans and cascading losses at financial institutions including the collapse or near-collapse of Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers, AIG and Wachovia.  The Troubled Asset Relief Program (TARP) authorized the U.S. Secretary of Treasury to spend up to $700 billion to purchase distressed assets and to make capital injections into banks.  Here is a partial list of TARP recipients and capital injected:

1.  Citigroup $25 billion

   

2. JPMorgan $25 billion
3. Wells Fargo $25 billion
4. Bank of America $15 billion
5. Goldman Sachs $10 billion
6. Merrill Lynch $10 billion
7. Morgan Stanley $10 billion
8. PNC Financial $7.7 billion
9. US Bancorp $6.6 billion
10. Capital One $3.55 billion
11. Regions Financial $3.5 billion
12. SunTrust $3.5 billion
13. Fifth Third $3.4 billion
14. BB&T Corp. $3.1 billion
15. Bank of New York Mellon $3 billion
16. Keycorp $2.5 billion
17. Comerica$2.25 billion
18. State Street $2 billion
19. Marshall & Ilsle $1.7 billion
20. Northern Trust $1.5 billion
21. Huntington Bancshares $1.4 billion
22. Zions Bancorporation $1.4 billion
23. Synovus $973 million