Tracking the $700 Billion Bailout
By MATTHEW ERICSON, ELAINE HE and AMY SCHOENFELD
Hundreds of banks and a handful of insurers and automakers have applied for funds from the Treasury Department as part of the $700 billion Troubled Asset Relief Program. The Treasury Department has transferred capital to the majority of these companies.
Amounts below are in millions. The Texas ratio is a ratio of each bank's nonperforming loans to cash on hand. The higher the number, the worse the bank's health.
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Sources: Treasury; Bloomberg; Dow Jones; Stifel, Nicolaus & Company (Texas ratio); the companies