Below is a complete breakdown of the latest numbers in our bailout database. We’re tracking every dollar and every recipient for both the broader $700 billion TARP bill and the separate bailout of Fannie Mae and Freddie Mac.
The State of the Bailout
Find bailouts in your state:
- Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.
- Our bailout recipient list tracks the companies to which Treasury has committed money.
Detailed Breakdown
$605.6B
Outflows
| Disbursed | |
|---|---|
| Banks and other Financial Institutions | $245B |
| Fannie and Freddie | $187B |
| Auto Companies | $79.7B |
| AIG | $67.8B |
| Toxic Asset Purchases | $18.6B |
| Mortgage Mod Program | $4.57B |
| State Housing Programs | $1.76B |
| Small Business Loan Aid | $368M |
| FHA Refinance Program | $50M |
$479.9B
Inflows
| Refunds | $364B |
|---|---|
| Money returned to Treasury by bailed-out companies. | |
| Dividends | $85.6B |
| Revenue Treasury has earned on its investments through dividend payments. | |
| Interest | $1.79B |
| Revenue Treasury has earned through its loans through interest payments. | |
| Warrants | $9.38B |
| Revenue Treasury has earned from selling stock warrants it held on companies that have paid back its investment. | |
| Other Proceeds | $18.9B |
| Revenue from fees and sales of equity or other assets. | |
The Bailout Scorecard
Last update: May 17, 2013
Altogether, accounting for both the TARP and the Fannie and Freddie bailout, $606B has gone out the door—invested, loaned, or paid out—while $364B has been returned.
The Treasury has been earning a return on most of the money invested or loaned. So far, it has earned $116B. When those revenues are taken into account, $126B is the net still outstanding as of May 17, 2013.
The TARP
$475BTotal Allocation
The Treasury is authorized to spend $475 billion of the TARP (In July 2010, the financial regulation overhaul reduced TARP’s spending cap to $475 billion from the original $700 billion.). It has created 13 different programs, to which it has promised $465 billion.
The government committed bailout money to 925 recipients. Those recipients have received a total of $418 billion. A total of $364 billion has been returned.
The Treasury has been earning a return on most of the TARP money invested or loaned. So far, the total return is: $50.5B.
The main sources of that revenue are $22.2 billion through dividend or interest payments, $19 billion from sales of equity or other assets that Treasury acquired (mostly stock in Citigroup); and $9.38 billion through stock warrants which Treasury received as part of most of the investments. When companies pay back the TARP investment, the warrants are either sold back to the company or auctioned off.
When those revenues are taken into account, $3.41 billion is the net amount still outstanding.
While the Treasury has paid out money to 925 recipients, only 780 of those received funds via investments meant to return money to taxpayers. The rest received subsidies through TARP’s housing programs – that money (so far totaling $6.38 billion) isn’t coming back.
Of the 780 investments made by the Treasury, 468 have resulted in a profit. 75 of the investments resulted in a loss. So far, the profits amount to $43.3 billion, while the losses amount to $5.02 billion. 237 of the investments are still outstanding.
Fannie and Freddie
UnlimitedTotal Allocation
The total amount invested in Fannie and Freddie so far is $187B. They have returned none of the money invested so far—and might never do so.
The Treasury has been earning a return on its investments. So far Fannie and Freddie have paid $65.2B in dividends to the Treasury.