| Committed: | $2,000,000,000 | ||||
| Disbursed: | $2,000,000,000 | Returned: | $2,000,000,000 | Revenue to Gov't: | $123,611,111 |
| Profit: | $123,611,111 | ||||
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State Street returned its bailout funds on Jun. 9, 2009
State Street was among the eight large U.S. banks to receive the Treasury Department's initial round of capital investments -- money described by Treasury officials not as a bailout, but rather as funds to help bolster "healthy" banks in tough times.
This company is among the 19 companies that underwent a "stress test." Regulators determined that it does not need to raise additional capital.
See the list of all 19 stress-tested companies here.
Map: Corporate headquarters of State Street.
See all recipients in Massachusetts
Part of the Capital Purchase Program
According to the results of the Federal Reserve's "stress tests," 10 of the 19 largest banks will have to raise a total of $74.6 billion in additional capital to withstand a dire economic scenario. Ultimately, all of the banks raise the money privately, with the exception of GMAC.
More info from www.propublica.org
This amount reflects the sum of dividends paid up to 5/31/2009
Part of the Capital Purchase Program
The Treasury announces 10 banks have been approved to pay back their TARP funds. State Street announces it is among them.
Part of the Capital Purchase Program
More info from pr.statestreet.com
Part of the Capital Purchase Program
More info from www.financialstability.gov
Part of the Capital Purchase Program
More info from www.financialstability.gov
Part of the Capital Purchase Program
More info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 07/08/2009 | Warrant | $60,000,000 | CPP | Warrant Proceeds |
| 06/17/2009 | Dividend | $555,556 | CPP | Dividend Paid |
| 06/15/2009 | Dividend | $25,000,000 | CPP | Dividend Paid |
| 06/09/2009 | Refund | $2,000,000,000 | CPP | |
| 05/31/2009 | Dividend | $38,055,556 | CPP | Dividends Paid Through 5/31/2009 |
| 10/28/2008 | Purchase | $2,000,000,000 | CPP | Purchase - Preferred Stock w/ Warrants |
For our blog, resources and more, see our main bailout page.
TARP Watchdog Launches Audit of Bailout Contracts 2/9
Chase Denied Loan Mods for Now Forbidden Reason—Homeowners in Limbo 2/4
Homeowners Say Banks Not Following Rules for Loan Modifications 1/14
Loan Mod Program Delays Even Worse for Those Struggling Not to Fall Behind 12/21
Bailout Breakdown: Losses Likely to Be Larger Than Treasury Estimates 12/11
Interactive Chart Shows Breakdown of Slow-Moving Loan Mod Program 12/11
Homeowners Getting Blame for Lack of Loan Mods, but Evidence Points to Banks and Servicers, Too 12/9
Bailout Balance Sheet December 2009: Taxpayers’ Revenues Grow, but So Do Losses 12/3
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