Bailout Events for January 2018
See entire timeline of bailout events.
| Date | Entity | Type | Amount | Program | Description |
|---|---|---|---|---|---|
| 01/10/2018 | St. Johns Bancshares | Refund | $3,000,000 | CPP |
Repayment
|
| 01/10/2018 | St. Johns Bancshares | Warrant | $150,000 | CPP |
Warrant Proceeds
|
| 01/17/2018 | Vigo County Federal Credit Union | Refund | $102,450 | CDCI |
Partial Repayment
|
| 01/10/2018 | St. Johns Bancshares | Dividend | $43,313 | CPP |
Dividend - Cumulative
|
| 01/17/2018 | Vigo County Federal Credit Union | Interest | $353 | CDCI |
Interest
|
| 01/01/2018 | Fannie Mae | Purchase | $3,687,000,000 | PSI |
Preferred Stock
The primary driver of changes in the companys net income for full year 2017 and the fourth quarter of 2017 was a $9.9 billion provision for federal income taxes in the fourth quarter resulting from the remeasurement of the company's deferred tax assets due to the Tax Cuts and Jobs Act (Tax Act). As a result, Fannie Mae reported a net worth deficit of $3.7 billion as of December 31, 2017. To eliminate the companys net worth deficit, the company expects the Director of the Federal Housing Finance Agency (FHFA) will submit a request to Treasury on the companys behalf for $3.7 billion.
|
| 01/01/2018 | Freddie Mac | Purchase | $312,000,000 | PSI |
Preferred Stock
|
| 01/31/2018 | North Carolina Housing Finance Agency | Subsidy | $431,318 (cumulative) | 4HM |
|
| 01/31/2018 | Rhode Island Housing and Mortgage Finance Corporation | Subsidy | $44,488 (cumulative) | 4HM |
|
| 01/31/2018 | Indiana Housing and Community Development Authority | Subsidiy | $279,899 | 4HM |
Hardest Hit Program
|