Government Invests in Banks
As of March 2009, Treasury has made investments in banks in 48 states, the District of Columbia and Puerto Rico. Through CPP, Treasury has touched almost every banking market in the country, with investments ranging from as small as about $301,000 to as large as $25 billion in community, regional and national banks as well as Community Development Financial Institutions from Connecticut to California. With additional capital, these 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. More information about specific investments can be found online in Treasury’s transactions report.
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