Update on TARP Activities

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While the Treasury?s Capital Purchase Program (CPP) has occupied the attention of banks and their leadership since it was announced on October 14, 2008, there are ongoing developments concerning other aspects of the TARP scheme that remain very much in the active planning stage. Interim Assistant Secretary of the Treasury for Financial Stability Neel Kashkari described those developments in his testimony today before the Senate Banking Committee. We summarize those non-CPP developments below.

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