Troubled Assets Relief Program

Treasury announced on October 13th that it would place up to $250 billion into U.S. financial institutions and their holding companies. Each investment would be no less than 1 % nor more than 3% of risk-weighted assets subject to a cap of $25 billion. The Senior Preferred will have a priority greate...

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Bibliographic Details
Published inKentucky Banker Magazine p. 16
Main Authors Weinstock, Peter G, Fenimore, Chet A
Format Trade Publication Article
LanguageEnglish
Published Louisville Kentucky Bankers Association 01.10.2008
Subjects
C corporations
Dividends
Economic growth
Executive compensation
Financial institutions
Financial services
Funding
Government aid
Holding companies
Home ownership
Market prices
Preferred stock
S corporations
Shares
Shelf registration
Treasuries
Warrants
United States > US
Online AccessGet full text
ISSN0023-0111

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Summary:Treasury announced on October 13th that it would place up to $250 billion into U.S. financial institutions and their holding companies. Each investment would be no less than 1 % nor more than 3% of risk-weighted assets subject to a cap of $25 billion. The Senior Preferred will have a priority greater than common stock and equal to or greater than any other preferred stock other than preferred stock that by its terms currently are junior to existing preferred stock. The Senior Preferred would pay cumulative dividends of 5% per year until the fifth year, at which point the dividend rate would increase to 9%.
ISSN:0023-0111