Subsidy 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:
Treasury Department
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; http://www.sigtarp.gov/Quarterly%20Reports/October_29_2014_Report_to_Con...
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.
