An additional $386 million was invested by Treasury under the Capital Purchase Program (CPP), with 23 banks from 16 states receiving funding on Friday, January 23. Treasury’s announcement today is the first by the new administration—although this funding likely represents outstanding commitments or conditional approvals in place prior to the new administration taking office. Funding under the CPP has now reached $194,177,001,000 according to the accompanying Troubled Asset Relief Program (TARP) Transaction Report representing investment in 317 institutions in 43 states and Puerto Rico. That report also shows that completed funding under all TARP initiatives has reached approximately $300 billion.