Taxpayers have already earned a positive return from their investment in banks through the CPP. Every additional dollar that a participating bank pays to Treasury represents an additional return to taxpayers.
As of October 31, 2016, Treasury has recovered $226.7 billion from CPP through repayments, dividends, interest, and other income – compared to the $204.9 billion initially invested. Today, every dollar recovered from CPP participants represents and additional positive return for taxpayers. Treasury continues to recover additional funds.
Repayments: Actual collections as of October 31, 2016, including (i) $2.21 billion in CPP investments refinanced under the Small Business Lending Fund (SBLF), a program created by Congress outside of TARP under which certain CPP institutions were allowed to repay TARP funds by borrowing under that program, and (ii) $0.36 billion in exchanges of CPP investments into the Community Development Capital Initiative (CDCI), as permitted under the terms of that program.
Auctions: Includes net proceeds from all auctions of CPP preferred and note securities where cash has settled with OFS as of October 31, 2016.
Warrant Income: Net Proceeds. Includes proceeds from exercised warrants.
Institutions where Treasury has converted its original investment at a discount into shares of common stock in the institution.