Bank of America
Bank of America Corporation
Economic Target:
Bank of America
Maximum Amount:
$25.00 billion
Deficit Impact:
-$0.31 billion This institution received funds from the Treasury Department under the Capital Purchase Program in order to promote lending and market liquidity. The institution gives the Treasury Department warrants and dividend payments, while the Treasury buys preferred stock shares from the bank.
Source:
Notes:
Maximum amount based on official Treasury statements. Amount spent indicates loans and purchases minus loan repayments (but not dividends), as of 10/15/2010 (http://www.financialstability.gov/latest/index.html). Deficit impact is net proceeds (excluding dividends) from Bank of America.
