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.

Treasury Guarantee of Citigroup Assets

November 23, 2008
Policy Area: 
Economic Target: 
Action Type: 
Maximum Amount: 
$5.00 billion

Part of a government guarantee of $301 billion in Citigroup assets by multiple entities (Treasury, FDIC, Federal Reserve).  After Citigroup absorbs the first $29 billion in losses, the remaining losses are split 90:10 between the government and Citigroup, with the first $5 billion absorbed by the Treasury with TARP funds, the next $10 billion paid by the FDIC, and remaining losses covered by the Federal Reserve with a non-recourse loan.

On December 23, 2009, Citigroup terminated the asset guarantee agreement.

See the companion guarantee of Citigroup assets by the Fed and FDIC.


Amount spent current as of 1/4/2010 (

Deficit impact is derived from CBO's calculated subsidy rate for Citigroup's guaranteed assets (0%), as detailed in the CBO's January 2010 baseline.

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