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 Capital Purchase Program

 Program Status

Taxpayers have already earned a positive return from their investment in banks through the CPP.  Every additional dollar that a participating bank pays to Treasury represents an additional return to taxpayers.
 
As of January 31, 2013, Treasury has recovered more than $220 billion from CPP through repayments, dividends, interest, and other income – compared to the $204.9 billion initially invested. Treasury estimates that the taxpayers' investment through the CPP will earn a lifetime positive return of  $23 billion. The total positive return for taxpayers from all of TARP's bank programs, which include the Asset Guarantee Program (AGP), Targeted Investment Program (TIP), and Community Development Capital Initiative (CDCI), is estimated to be more than $20 billion. The latest information on CPP repayments, remaining institutions and warrant sales can be found in the Monthly Report to Congress.
 
Assistant Secretary Timothy G. Massad has written about  the progress made in winding down the remaining TARP investments. Read his blog entries: "Winding Down TARP: A Progress Report"  (1/23/13); "An Update on the Wind Down of TARP's Bank Programs" (12/18/12) and "Winding Down TARP's Bank Programs" (5/3/12).
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Last Updated: 2/12/2013 1:49 PM