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MegadealsSubsidy Tracker Individual Entry
Company: Citigroup
Parent Company:
Citigroup
Subsidy Source: federal
State in Which Facility Is Located: New York
Year: 2008
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Value of Loan, Loan Guarantee or Bailout Assistance: $20,000,000,000
Loan Value Notes: Loan amounts do not reflect repayments. See the original source for that information.
Program Name: Troubled Asset Relief Program (TARP) - Targeted Investment Program
Awarding Agency: Department of Treasury
Type of Subsidy: federal loan or loan guarantee
Source of Data: Page 293 of the October 29, 2014 Quarterly Report to Congress of the Office of the Special Inspector General for the Troubled Asset Relief Program;
(click here)
Notes: In exchange for a capital infusion in addition to that provided under TARP's Capital Purchase Program, the federal government received shares of preferred stock which were later repurchased by the bank.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.