Welcome to the website of the U.S. Department of the Treasury's Office of Financial Stability, which manages the Troubled Asset Relief Program (TARP).
This site provides information and data related to the TARP, which was created by the Emergency Economic Stabilization Act of 2008 (EESA)
in response to the financial crisis. TARP includes several investment programs that helped stabilize an economy on the brink, unfreeze the markets that provide credit to businesses and families, and assist struggling homeowners facing foreclosure.
The authority to make new commitments under TARP expired on October 3, 2010. Since then, Treasury has moved swiftly to replace temporary government support with private capital. As of October 31, 2013, cumulative collections under TARP ($406.48 billion and 96.4% of disbursements), together with Treasury's additional proceeds from the sale of non-TARP shares of AIG ($17.6 billion), exceed total disbursements by more than $2.5 billion. Treasury is now winding down its remaining TARP investments. Treasury is also continuing to implement TARP initiatives to help struggling homeowners avoid foreclosure.
This website provides information, reports, and data on each of the programs established through TARP, including their design, purpose, and results.
TARP helped prevent a collapse of the American auto industry, saving more than a million American jobs.
TARP helped stabilize America's banking system during the financial crisis.
TARP helped restart the secondary credit markets, which are essential to keep credit flowing to households and businesses.
TARP helps prevent avoidable foreclosures and keeps families in their homes.
The Federal Reserve and Treasury took action to stabilize AIG, then the largest provider of conventional insurance in the world, because its failure during the financial crisis would have had a devastating impact on our financial system and the economy.
Treasury issued standards governing executive compensation at financial institutions that received assistance under TARP. These standards were implemented and are overseen by the Office of the Special Master.