Skip to content Skip to footer site map

Sign In
 

 Targeted Investment Program

Targeted Investment Program

Program Purpose and Overview

Treasury established the Targeted Investment Program (TIP) in December 2008. The program gave the Treasury the necessary flexibility to provide additional or new funding to financial institutions that were critical to the functioning of the financial system.

 

Read More

Key Facts

  • The Targeted Investment Program (TIP) was created to help stabilize institutions considered systemically significant, to prevent broader disruption of financial markets.
  • Under the TIP, Treasury purchased $20 billion in preferred stock from two institutions, Citigroup Inc. and Bank of America.  
  • In December 2009, Bank of America and Citigroup repaid their TIP investments in full. Treasury received a total of $3 billion in dividends plus warrants from each bank, which provided taxpayers with $1.4 billion in additional gains on their TOP investments.
  • The program is now closed and resulted in a positive return of $4.4 billion for taxpayers.
Bookmark and Share
Last Updated: 12/9/2013 4:43 PM
 

Contact Us

Department of the Treasury
1500 Pennsylvania Ave., N.W.
Washington, D.C. 20220

General Information: (202) 622-2000
Fax: (202) 622-6415
Hours: Mon-Fri 8:00am - 5:00pm

Untitled 1
Untitled 1

E-Mail Signup

Sign Up to Receive Treasury.gov News src= Sign up to Receive
Treasury.gov News