On Monday Treasury released its most current transactions report for the period ended April 8, 2010, reflecting $18.5 million in repurchased warrants from City National Corp., and First Litchfield Financial Corp.'s payment of $10 million, including nearly $1.5 million for repurchased warrants. Treasury's total investment under the CPP, net of repayments, is now $66,725,489,320. Under the Automotive Supplier Support Program, Chrysler Receivables SPV, LLC repaid $44,533,054, satisfying its obligations to the Treasury. Finally, two more classes of securities have been added to the Small Business and Community Lending Initiative, bringing the total investment amount to $57,941,820.
Treasury also announced a Dutch auction for its warrant positions in Wells Fargo & Co., PNC Financial Services Group, Inc., Comerica Inc., Valley National Bancorp, Sterling Bancshares, Inc., and First Financial Bancorp. These auctions will be conducted over the next six weeks and Treasury expects to dispose of its remaining holdings in these companies.