Timothy G. Massad
From the beginning, Treasury has been committed to operating the Troubled Asset Relief Program (TARP) with the highest standards of transparency. Today, the Office of Financial Stability (OFS) is pleased to announce an important new feature to our website – an enhanced TARP tracker – that will make it even easier for the public to see how TARP funds have been disbursed, who has received them and on what terms, and how much has been recovered to date.
Treasury’s previous TARP tracker, which showed the amount of money disbursed and what percentage of those funds have been recovered, was a useful resource for users.
But in response to feedback we received through surveys, we have now expanded the tool even further so it also acts as a timeline. It enables users to view the flow of funds for a specific period or over the lifetime of a TARP program. It also allows users to view each investment area separately to get a clearer sense of what has occurred in a particular program. In addition, the new tool includes a scroll of events that may be sorted by date or program to make it even easier to understand how major transactions under TARP and events, such as legislative actions, have impacted the program.
Treasury’s enhanced TARP tracker is the latest example of our efforts to ensure that the public has access to data on TARP programs. OFS also publishes a Daily TARP Update that provides a snapshot of the amount of funds disbursed and recovered to date, estimated lifetime cost figures for TARP which are updated quarterly, and a number of other reports on the status ofTARP programs. To access these reports, please visit our website.
We encourage you to explore our enhanced TARP Tracker.
Timothy G. Massad is the Assistant Secretary for Financial Stability at the U.S. Department of the Treasury.