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Article: TREASURY DEPARTMENT ANNOUNCES $1.15 BILLION INVESTMENTS IN 42 BANKS
- Article from:
- US Fed News Service, Including US State News
- Article date:
- March 27, 2009
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WASHINGTON, Feb. 3 -- The U.S. Department of the Treasury issued the following news release:
The U.S. Treasury Department today announced investments of approximately $1.15 billion in 42 banks across the nation as part of its Capital Purchase Program (CPP), a means to directly infuse capital into healthy, viable banks with the goal of increasing the flow of financing available to small businesses and consumers. With additional capital, banks are better able to meet the lending needs of their customers, and businesses have greater access to the credit that they need to keep operating and growing.
Since its inception in October 2008, Treasury has strengthened healthy small and large, ...