North Carolina

TARP Capital Purchases Remain Low 

Capital injections through the Capital Purchase Program (CPP) of the Troubled Asset Relief Program (TARP) picked up slightly last week. The Treasury Department funded $40.95m in stock purchases from six financial institutions in the week ending April 17 after its $22.8m in injections funded the previous week ending April 10. Weekly transactions in recent months illustrate a steady cooling off of CPP activity, with the Treasury funding $54.83m the week ending April 3, down from $192.96m in late March.