Federal Deposit Insurance Corporation

FDIC’s Institutions Must Monitor TARP Funds 

The Treasury has been under fire in recent weeks for its less-than-perfect implementation of the Troubled Asset Relief Program — particularly its failure to monitor how banks are using TARP infusions.  The Federal Deposit Insurance Corp. on Monday became the first bank regulator to require its state-chartered banks to monitor and report the ways in which they utilize TARP funds.