Yesterday, Treasury announced that $14.77 billion in investments in 43 banks were completed over the past week under the Capital Purchase Program (CPP). Of this amount, $10 billion was invested in Bank of America Corporation following the completed purchase of Merrill Lynch by Bank of America on January 1, 2009. This amount had been disclosed on all the previous transaction reports with Merrill Lynch & Co., Inc. listed as the qualifying institution, but footnoted to indicate that settlement was deferred pending the merger of the two banks.
Treasury also released the latest completed transaction report yesterday for the programs initiated under the Troubled Asset Relief Program. The report showed that funding under the CPP has now reached $192,311,098,000.