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Treasury Announces TARP Capital Purchase Program Description (HP-1207, October 14, 2008)

U.S. Department of the Treasury

Claims Supported by This Source

  1. On October 14, 2008, the Treasury Department announced the voluntary Capital Purchase Program. It will purchase up to $250 billion of senior preferred shares on standardized terms. The program is open to qualifying U.S. banks, savings institutions, and certain holding companies.

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