ABSTRACT

Troubled Asset Relief Program: Status Update on Treasury's Two Active Investment Programs   [open pdf - 1MB]

From the Document: "Treasury created the Office of Financial Stability (OFS) to manage TARP [Troubled Asset Relief Program] activities and programs, which have included a variety of bank investment, credit market, housing, and other programs focused on stabilizing the U.S. financial system, restarting economic growth, and preventing avoidable foreclosures. Under OFS, TARP has injected capital into key financial institutions, implemented programs to address problems in the securitization markets, provided assistance to the automobile industry, and offered incentives for modifying residential mortgages. EESA [Emergency Economic Stabilization Act of 2008], as amended, includes a provision that GAO [Government Accountability Office] report at least annually on TARP activities and performance. Since then, we have been monitoring, analyzing, and providing updates on TARP programs in response to this provision. This report provides an update on the status of Treasury's investment and participation in the remaining TARP investment programs, as of September 30, 2019."

Report Number:
GAO-20-218R
Publisher:
Date:
2019-12-16
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: https://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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