Notice is a historical project of the Committee for a Responsible Federal Budget, which tracked the money spent by the 2009 stimulus bill. This site is not regularly updated.

Citigroup Inc.

October 28, 2008
Economic Target: 
Maximum Amount: 
$25.00 billion
Deficit Impact: 
-$6.85 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.

The Department of Treasury purchased $25 billion in Citigroup equity shares as part of the first round of equity purchases under the Capital Purchase Program. Since then, the Treasury has purchased an additional $20 billion of Citigroup preferred stock and joined the FDIC and Federal Reserve in a multi-agency government guarantee of approximately $301 billion of its assets.

At four different times during 2010, Treasury authorized the sale of up to 1.5 billion shares of Citigroup common stock. The proceeds from these sales are subtracted from the $25 billion original purchase.



Maximum amount based on official Treasury statements.  Amount spent indicates loans and purchases minus loan repayments (but not dividends), as of 12/8/2010 (  Deficit impact is net proceeds (excluding dividends) from Citigroup.

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