Troubled Asset Relief Program

Also found in: Dictionary, Thesaurus, Acronyms.

Troubled Asset Relief Program (TARP)

A $700 billion fund created in response to the credit crunch that hit the US in 2008. The original intent of the fund was to allow the Treasury to buy illiquid mortgage-related assets. The fund was ultimately used to provide direct capital infusions to distressed financial institutions.
References in periodicals archive ?
4 million under the government's Troubled Asset Relief Program.
14 that it has hired New York-based Bank of New York Mellon to serve as Treasury's custodian for the implementation of the Troubled Asset Relief Program (TARP) authorized under the Emergency Economic Stabilization Act.
NYSE: FBC) has completed its repayment of funds initially received under the Troubled Asset Relief Program (TARP), the company said.
1 million to the US Treasury to purchase Provident s Series A Preferred Stock shares owned by taxpayers as part of Provident s bailout through the 2009 Troubled Asset Relief Program (TARP).
National Security Interests, Fiscal Sustainability and Debt Challenges, Economic Recovery and Restored Growth, Composition of State and Local Recovery Act Funding, and the Troubled Asset Relief Program (TARP).
Howard Milstein, head of Milstein PropertiesHoward Milstein, head of Milstein PropertiesEmigrant Savings Bank, the struggling Milstein-owned institution and the lone major city holdout in the federal government's Troubled Asset Relief Program, received $30 million in capital infusions from the Milsteins during the fourth quarter of 2009, according to a recent report to the Federal Reserve.
Obama administration officials continue to stress concerns about ensuring sufficient capital in the financial system,even as several financial institutions have begun lining up to return funds borrowed under the government's $700 billion troubled asset relief program to cope with the financial crisis.
credit card company, $500 million after the Federal Reserve on Monday imposed capital-raising requirements on large lenders hoping to repay bailout funds received under the Troubled Asset Relief Program (TARP).
The Treasury, which already holds $40 billion in preferred AIG shares acquired through the Troubled Asset Relief Program, upped its commitment under a restructured bailout that includes a new $30 billion standby equity capital facility.
The joint venture will offer Fiat's more fuel-efficient vehicle platforms to the United States automaker and give Chrysler access to an initial USD4bn of funds from the United States government's Troubled Asset Relief Program (TARP).