Yesterday, Secretary Timothy Geithner sent a letter to Elizabeth Warren, Chair of the Congressional Oversight Panel, providing an update on the current state of funds provided to Treasury under the Emergency Economic Stabilization Act (EESA). According to Treasury's estimates, approximately $109.6 billion of the original $700 billion is still available. In addition, Treasury "anticipates" that another $25 billion will be paid back under the Capital Purchase Program (CPP) over the next year, providing a total of $134.6 billion in available TARP funds for new initiatives. Although the new initiatives under the Obama Administration, including the Making Home Affordable Program, the Consumer Business and Lending Initiative, and the Public Private Investment Program, will require up to $220 billion in funding (up to $50 billion for the Making Home Affordable Program, up to $80 billion for the Consumer Business and Lending Initiative, and up to $100 billion for the Public Private Investment Program), Secretary Geithner stated that there still should be enough funds available for such initiatives under TARP given Treasury's "conservative estimates," the possibility that more than $25 billion may be repaid under the CPP, and the possibility that "there will be less than 100 percent usage of the maximum amounts available" under these new programs.