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.

Purchase of Citigroup Preferred Stock

November 23, 2008
Policy Area: 
Economic Target: 
Action Type: 
Maximum Amount: 
$20.00 billion
Deficit Impact: 
-$1.70 billion

In November of 2008, the Department of Treasury purchased $20 billion in preferred stock from Citigroup under the "Targeted Investment Program" of TARP.

This purchase was on top of an initial $25 billion investment through the Capital Purchase Program, and followed by a multi-agency government guarantee of approximately $306 billion of its assets offered through the Department of Treasury, FDIC, and Federal Reserve.
On December 23, 2009, Citigroup repurchased the full $20 billion in assets held by TARP through TIP.



Amount spent indicates equities purchased as of 2/1/2010 ( ).

Deficit impact is derived from CBO's subsidy rate for the investment in Citigroup under the Targeted Investment Program, as detailed in CBO's January 2010 baseline.


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