Fed to dole out $180bn in Tarp funds over 2009
This year the US government will distribute $180 billion under the Troubled Asset Relief Program (Tarp) on top of the $248 billion it gave to financial institutions in 2008, the US Congressional Budget Office (CBO) has predicted. A total of $700 billion can be outstanding at any one time under the Tarp. According to the CBO's findings, the financial assistance offered to banks by the Federal Reserve raised banks' reserves to $848 billion by the end of 2008 from $13 billion 12 months earlier
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