This page is your gateway to information on the TARP transactions. Subsidyscope has gathered data on each transaction under the TARP program. The following table shows which companies received funds, how much they received, and when they received it. Detailed data on individual transactions can be downloaded into a spreadsheet, and the visualizations provide a quick view of the transactions over time, by recipient and by date.

Although the government has provided a few companies with loans under TARP, nearly all the transactions have been purchases of equity stakes in those companies. In exchange for funding from TARP, the government usually receives preferred stock and warrants from the company. For information on the value of warrants purchased through TARP, including daily stock prices, click here.

The amount of funding provided through a TARP transaction can be found in the "Disbursements Received" column of the table (this corresponds to what the Treasury Department calls "Prices Paid" in its publications). The table also includes information on the size of those companies, as measured by their assets.

The amount of funding provided to a company is a crucial piece of information needed to calculate the subsidies provided through TARP. But it is not a measure of the subsidy itself. To calculate the subsidies, the market value of the preferred stock, warrants, and loans must be deducted from the funding provided to the institution. Although information on the subsidies to individual companies through TARP is still quite limited, some data can be found here.

According to a report published in April 2009 by the Special Inspector General for TARP, as of March 31, 2009, Treasury had received nearly $3.5 billion in dividend payments. Treasury began receiving dividend payments in December 2008. Institutions make payments on a quarterly basis at a rate of at least 5 percent of their annual profits; the rate ultimately will increase to 9 percent. Treasury is currently releasing dividend reports on a monthly basis. The reports can be found on the Subsidyscope key documents page.

Financial institutions can repay TARP funds only with the approval of the Treasury Department and their federal banking regulator, the regulator having the final say. Banks that wish to repay TARP funds must prove that they have adequate capital to continue lending to creditworthy borrowers. The 19 financial institutions that underwent the Supervisory Capital Assessment Program, better known as the “stress tests,” must also prove they can sustain healthy levels of capital into the future. New rules regarding executive compensation, which can be found in Title VII, Section 7001(g) of the American Recovery and Reinvestment Act, have allowed many financial institutions to repay because the restrictions were not in the original contracts. Upon repayment all dividends accrued must be paid to Treasury.

The visualization below reflects repayments by shrinking when repayments are made.

Aside from repaying due to contract changes, financial institutions cannot redeem their preferred stock or senior securities for three years from the date of the Treasury Department’s investment.

(Updated 8/26/2009)

Click each tab below for different ways to view the TARP data.