In a push to increase the transparency of the investments made under the Troubled Asset Relief Program (TARP), Treasury announced today that it will begin posting the investment contracts for completed TARP transactions on its website. As part of this policy, agreements for future completed transactions will be made available within five to ten business days after the transaction is completed. Investment contracts for previously completed transactions will be posted on a “rolling basis” with Treasury posting nine completed contracts under the Capital Purchase Program (CPP), one Targeted Investment Program (TIP) completed contract, one Systemically Significant Failing Institutions (SSFI) program completed contract, and three completed contracts under the Automotive Industry Financing Program (AIFP).
The CPP contracts released were for the first nine institutions receiving funding: Bank of America, The Goldman Sachs Group, Morgan Stanley, Citigroup, JPMorgan Chase, Wells Fargo & Co., Bank of New York Mellon, State Street, and Merrill Lynch. The TIP and SSFI completed contracts were for Citigroup and AIG, respectively. Finally, the AIFP completed contracts posted were for GM, GMAC and Chrysler.