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Bailout Costs to Date
Posted By Barry Ritholtz On September 25, 2009 @ 6:45 am In Bailouts,Federal Reserve | Comments Disabled
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--- Amounts (Billions)---
Limit Current
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Total $11,563.65 $3,025.27
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Federal Reserve Total $5,870.65 $1,590.11
Primary Credit Discount $110.74 $28.51
Secondary Credit $1.00 $0.58
Primary dealer and others $147.00 $0.00
ABCP Liquidity $145.89 $0.08
AIG Credit $60.00 $38.81
Commercial Paper program $1,200.00 $42.44
Maiden Lane (Bear Stearns assets) $29.50 $26.19
Maiden Lane II (AIG assets) $22.50 $14.66
Maiden Lane III (AIG assets) $30.00 $20.55
Term Securities Lending $75.00 $0.00
Term Auction Facility $375.00 $196.02
Securities lending overnight $10.42 $9.25
Term Asset-Backed Loans (TALF) $1,000.00 $41.88
Currency Swaps/Other Assets $606.00 $59.12
GSE Debt Purchases $200.00 $129.21
GSE Mortgage-Backed Securities $1,250.00 $693.60
Citigroup Bailout Fed Portion $220.40 $0.00
Bank of America Bailout $87.20 $0.00
Commitment to Buy Treasuries $300.00 $289.22
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Treasury Total $2,909.50 $1,075.91
TARP $700.00 $372.43
Tax Break for Banks $29.00 $29.00
Stimulus Package (Bush) $168.00 $168.00
Stimulus II (Obama) $787.00 $303.60
Treasury Exchange Stabilization $50.00 $0.00
Student Loan Purchases $60.00 $0.00
Citigroup Bailout Treasury $5.00 $0.00
Bank of America Bailout Treasury $7.50 $0.00
Support for Fannie/Freddie $400.00 $200.00
Line of Credit for FDIC $500.00 $0.00
Treasury Commitment to TALF $100.00 $0.00
Treasury Commitment to PPIP $100.00 $0.00
Cash for Clunkers $3.00 $2.88
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FDIC Total $2,477.50 $356.00
Public-Private Investment (PPIP)$1,000.00 0.00
Temporary Liquidity Guarantees* $1,400.00 $301.00
Guaranteeing GE Debt $65.00 $55.00
Citigroup Bailout, FDIC Share $10.00 $0.00
Bank of America Bailout, FDIC Share $2.50 $0.00
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HUD Total $306.00 $3.25
Hope for Homeowners (FHA) $300.00 $3.20
Neighborhood Stabilization (FHA) $6.00 $0.05
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* The program has generated $9.3 billion in income, according to the agency.
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Glossary:
ABCP — Asset-backed commercial paper
AIG — American International Group Inc.
FDIC — Federal Deposit Insurance Corp.
FHA — Federal Housing Administration, a division of HUD
GE — General Electric Co.
GSE — Government-sponsored enterprises (Fannie Mae, Freddie Mac
and Ginnie Mae)
HUD — U.S. Department of Housing and Urban Development
TARP — Troubled Asset Relief Program
>
Breakout of TARP funds:
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--- Amounts (Billions)---
Outlay Returned
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Total $447.76 $75.33
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Capital Purchase Program $204.55 $70.56
General Motors, Chrysler $79.97 $2.14
American International Group $69.84 $0.00
Making Home Affordable Program $23.40 $1.13
Targeted Investment Bank of America $20.00 $0.00
Targeted Investment Citigroup $20.00 $0.00
Term Asset-Backed Loan (TALF) $20.00 $0.00
Citigroup Bailout $5.00 $0.00
Auto Suppliers $5.00 $1.50
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All data sourced vi Bloomberg:
Fed’s Strategy Reduces U.S. Bailout Pledges to $11.6 Trillion [1]
Mark Pittman and Bob Ivry
Bloomberg, Sept. 25 2009
http://www.bloomberg.com/apps/news?pid=20601109&sid=aJwZIBMSGsek
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2009/09/bailout-costs-to-date/
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[1] Fed’s Strategy Reduces U.S. Bailout Pledges to $11.6 Trillion: http://www.bloomberg.com/apps/news?pid=20601109&sid=aJwZIBMSGsek
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