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TARP Capital Purchases Slow from Last Week

Mar 11, 2009By

[Update 1 clarifies geographic locations of some TARP recipients.] The U.S. Treasury Department purchased just under $284.7 million in preferred stock from 22 banks and financial institutions in states across the country Friday. The government’s funds were split relatively evenly between three publicly-traded companies that received 45 percent of the day’s infusions, and 19 privately-held firms that took 55 percent of the day’s capital, according to details released Tuesday by the Treasury.