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Troubled Asset Relief Program

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Citi Reserves $25.7B for Residential Mortgage Lending 

Feb 03, 2009By

Citigroup Inc. [stock C][/stock], the recipient of $45 billion through the Treasury Department’s Troubled Asset Relief Program, on Tuesday released a progress report detailing the usage of government bailout funds through the fourth quarter 2008. The distribution of some $36.5 billion so far has been made through various lending capacities, “to help expand available credit for consumers and businesses; restore liquidity and stability to the capital markets; and support the recovery of the U.S.