On Friday, Treasury released a completed transaction report disclosing that two financial institutions had repurchased an aggregate of $100,000,000 of preferred stock issued to Treasury under the Capital Purchase Program (CPP), reducing Treasury’s total investment in financial institutions under the CPP (net of repayments) to $197,530,948,000. In addition, Treasury reported an additional $30,100,000,000 commitment to General Motors (GM) in the form of debtor-in-possession (DIP) financing to support GM through its restructuring process. The above transactions were completed on June 3, 2009.
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Treasury releases completed transaction report
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