On Friday, Treasury published its initial quarterly report on the Legacy Securities Public-Private Investment Program (PPIP). The report includes a summary of PPIP capital activity, portfolio holdings and current pricing, and fund performance. As of December 31, 2009, public-private investment funds (PPIFs) have completed initial and subsequent closings on approximately $6.2 billion of private sector equity capital, which was matched 100% by Treasury, representing $12.4 billion of total equity capital. Treasury has also provided $12.4 billion of debt capital, representing $24.8 billion of total purchasing power. As of December 31, 2009, PPIFs have drawn-down approximately $4.3 billion of total capital which has been invested in certain non-agency residential mortgage backed securities and commercial mortgage backed securities and cash equivalents pending investment. Treasury expects to provide additional information as the program matures in subsequent quarterly reports