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Bailout Tracker

Tracking Every Dollar and Every Recipient

Companies » Bank (Public)

Citigroup

New York, N.Y. | See all recipients in New York
$45B Disbursed
$45B Returned
$13.4B Revenue to Gov't
$13.4B Profit
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Citigroup was among the eight large U.S. banks to receive the Treasury Department's initial round of capital investments -- money described by Treasury officials not as a bailout, but rather as funds to help bolster "healthy" banks in tough times. But in November of 2008, with its stock price spiraling downward, Citigroup received additional government aid.

That $50 billion in aid came mostly in the form of large capital investments, but also through government guarantees to limit losses from a $301 billion pool of toxic assets. Treasury made those guarantees alongside the Fed and FDIC. In addition to the Treasury's $5 billion commitment, the FDIC committed $10 billion and the Federal Reserve up to about $220 billion.

On Dec. 23, 2009, the Treasury and Citi terminated that agreement. Citi also repaid $20 billion. $25 billion in aid remained outstanding. The Treasury converted that amount into Citi common stock, and sold the last portion in December of 2010.

Additional Resources:
Summary of Terms of Loss Sharing Program
Securities Purchase Agreement (1/15/09)

Stress Tested

This company is among the 19 companies that underwent a "stress test." Regulators determined that it needs to raise $5,500,000,000.0 in additional capital.

See the list of all 19 stress-tested companies here.

Events

Date Type Amount Program Description
02/08/2013 Proceeds $894,000,000 AGP Proceeds from sale of trust preferred securities
12/28/2012 Dividend $182,754,093 AGP Dividend - Cumulative
01/25/2011 Warrant $54,621,849 CPP Warrant Proceeds
01/25/2011 Warrant $190,386,428 TIP Warrant Proceeds
01/25/2011 Warrant $67,197,045 AGP Warrant Proceeds
12/06/2010 Refund $4,967,921,811 CPP Revenue from Sale of Stock
12/06/2010 Refund $3,663,368,619 CPP Revenue from Sale of Stock
12/06/2010 Proceeds $6,852,354,471 CPP Revenue from Sale of Stock
10/05/2010 Dividend $2,947,875 AGP Dividend - Cumulative
09/30/2010 Refund $5,863,489,587 CPP Revenue from Sale of Stock
09/30/2010 Proceeds $2,246,000,000 AGP Proceeds from Sale of Trust Preferred Securities
09/29/2010 Dividend $29,290,222 AGP Dividend - Cumulative
07/30/2010 Dividend $44,680,000 AGP Dividends payment
06/30/2010 Refund $4,322,726,825 CPP Revenue from Sale of Stock
05/26/2010 Refund $6,182,493,158 CPP Revenue from Sale of Stock
04/30/2010 Dividend $44,680,000 AGP Dividends payment
02/01/2010 Dividend $44,680,000 AGP Dividends payment
12/23/2009 Refund $20,000,000,000 TIP Partial Repayment
12/23/2009 Dividend $21,200,000 AGP Dividend Payment
12/23/2009 Dividend $235,555,556 TIP Dividend Payment
10/30/2009 Dividend $80,680,000 AGP Dividend Paid
10/30/2009 Dividend $400,000,000 TIP Dividend Paid
07/30/2009 Dividend $67,233,333 AGP Dividend Paid
07/30/2009 Dividend $130,208,333 CPP Dividend Paid
07/30/2009 Dividend $333,333,333 TIP Dividend Paid
07/23/2009 Dividend $118,055,556 CPP Dividend Paid
05/31/2009 Dividend $600,000,000 TIP Dividends Paid Through 5/31/2009
05/31/2009 Dividend $684,027,778 CPP Dividends Paid Through 5/31/2009
05/31/2009 Dividend $107,573,333 AGP Dividends Paid Through 5/31/2009
12/31/2008 Purchase $20,000,000,000 TIP Purchase - Preferred Stock w/ Warrants
10/28/2008 Purchase $25,000,000,000 CPP Purchase - Preferred Stock w/ Warrants

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