United States Department of the Treasury


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United States Department of the Treasury

The department of the federal government responsible for the printing of money, the collection of taxes, the regulation of banks, and the management of public debt. Created in 1789, the U.S. Treasury issues Treasury securities, which is debt that the American government uses to pay for some of its functions. It also administers the Internal Revenue Service, which collects taxes and decides how tax laws and regulations are enforced, and the U.S. Mint, which prints and disburses currency. The Treasury Department is responsible for investigating and prosecuting certain financial crimes, such as tax evasion and counterfeiting. It is headed by the Secretary of the Treasury, who is appointed by the President with the consent of the Senate.
References in periodicals archive ?
As part of the recapitalisation the company exchanged common stock equivalents with an aggregate value of approximately USD 11.42m for all of the company's formerly outstanding preferred stock including the series D and E fixed rate cumulative perpetual preferred stock held by the United States Department of the Treasury and the associated accumulated but unpaid dividends thereon.
SBT Bancorp Inc., (OTCQX: SBTB), the holding company of Simsbury Bank, has reported that it had redeemed all of the 9,000 outstanding shares of its senior non-cumulative perpetual preferred stock, Series C, liquidation amount USD1,000 per share, that had been issued to the United States Department of the Treasury in August 2011 as part of the Treasury's Small Business Lending Fund (SBLF) programme.
The plan has already received the consent of the holding company creditors and the holding company's sole preferred stockholder, the United States Department of the Treasury.
Davis Polk advised the United States Department of the Treasury (Treasury) in connection with its offering of approximately 636.9 million shares of common stock of American International Group, Inc.
Net proceeds from the offering will be used to redeem, subject to applicable regulatory approvals, the USD12m in outstanding shares of its senior non-cumulative perpetual preferred stock, series B that had been issued to the United States Department of the Treasury pursuant to the Treasury's Small Business Lending Fund Programme, as well as for general corporate purposes.
24 May 2013 -- Plumas Bank parent company Plumas Bancorp (NASDAQ: PLBC) reported it has completed the repurchase of the warrant issued to the United States Department of the Treasury in 2009 as part of the Treasury's Troubled Asset Relief Program's (TARP) Capital Purchase Program.
is unchanged following the announcement of the sale of $20.7 billion of AIG common stock by the United States Department of the Treasury (UST).
The company plans to use the net proceeds from the sale of the subordinated notes to redeem the 4,500 shares outstanding of its senior non-cumulative perpetual preferred stock, Series A that were originally issued to the United States Department of the Treasury under the Small Business Lending Fund (subject to regulatory approval), to support growth, and for general corporate purposes.
(NASDAQ: GFED) said it has completed the repurchase of the warrant issued to the United States Department of the Treasury in 2009 as part of the Troubled Asset Relief Program's (TARP) Capital Purchase Program.
(NYSE MKT:VSB), the wholly-owned subsidiary of VantageSouth Bank, has said that it has repurchased from the United States Department of the Treasury (Treasury) the company's outstanding warrants to purchase 833,705 shares of the company's common stock, and 514,693.2 shares of the company's common stock.
(NASDAQ: BCSB) repurchased from United States Department of the Treasury a warrant to purchase 183,465 shares of the company's common stock at an exercise price of USD8.83 per share.

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