This afternoon the Treasury released its most recent transactions report covering activity through March 31, 2010. The report shows the repurchase of $4.5 million in Umpqua Holdings Corp. warrants, the repayment of $3.4 billion in Hartford Financial Services Group preferred stock, and the partial repayment of $1 billion of debt obligation of General Motors Holdings LLC, leaving nearly $4.7 billion remaining.
Treasury recently exchanged its $7.5 million of subordinated debentures in GulfSouth Private Bank for an equivalent amount of preferred stock in connection with its conversion from a subchapter S-corporation, per the CPP terms applicable to privately held qualified financial institutions.
Treasury's total investment under the CPP, net of repayments, is now $66,735,489,320
Recently, the reports began tracking the Small Business and Community Lending Initiative; there is currently $21,372,670 invested in three classes of securities.
Finally, under the Legacy Securities Public-Private Investment Program, $3.33 billion of obligations have been reallocated to the remaining eight funds after the termination of the TCW Fund.