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Treasury Anticipates $62 Million in Proceeds from Auction of Bank Preferred Stock

 

Nov 26 - The Treasury Department anticipates $62 million in proceeds from pricing of auctions this week of preferred stock of 15 financial institutions. The companies and gross proceeds are:

Including the expected proceeds from these transactions, Treasury has now recovered $267 billion from TARPís bank programs through repayments, dividends, interest and other income ó compared to the $245 billion initially invested.


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