FACTBOX: Where has the bailout money gone?

WASHINGTON Fri Dec 12, 2008 6:06pm EST

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WASHINGTON (Reuters) - The U.S. Treasury Department said on Friday that it stood ready to prevent the failure of a U.S. automaker until Congress reconvenes next year.

The statement followed the collapse of a deal in the U.S. Senate to bailout out Detroit's Big Three.

Congress approved a $700 billion financial rescue program in early October that Treasury would tap. Currently, it only has authority to use half of those funds and it has already pledged all but $15 billion of that amount. However, if it abandoned plans to inject more capital into banks, it would have about $100 billion on hand.

Following are details on what has been spent or pledged so far out of the $350 billion Treasury currently has authority to draw on:

-- $250 billion to buy senior preferred shares and warrants in banks and thrifts.

Of that, purchases of $155.3 billion had been completed as of the latest statement on the Treasury's cash position, which covered the period through December 9. A further $10 billion is approved for Merrill Lynch but has been deferred pending its merger with Bank of America.

-- $40 billion investment in troubled insurer American International Group, which has been completed.

-- $20 billion investment into Citigroup pledged as part of a bailout announced on November 23.

-- $5 billion pledged to cover potential losses on a portfolio of Citigroup mortgage-related assets.

-- $20 billion pledged to cover potential losses for a Federal Reserve program aimed at improving consumer access to credit.

Following is a list of the banks and thrifts in which Treasury has completed an investment under its $250 billion Capital Purchase Program:

JPMorgan $25 billion

Citigroup $25 billion

Wells Fargo $25 billion

Bank of America $15 billion

Merrill Lynch $10 billion (see note)

Goldman Sachs $10 billion

Morgan Stanley $10 billion

Bank of New York Mellon $3 billion

State Street Corp $2 billion

Bank of Commerce $17 million

First Financial Svcs $16 million

UCBH Holdings Inc $299 million

Northern Trust Corp $1.6 billion

SunTrust Banks $3.5 billion

Broadway Financial Corp $9 million

Washington Federal $200 million

BB&T Corp $3.1 billion

Provident Bancshares Corp $151 million

Umpqua Holdings Corp $214 million

Comerica $2.3 billion

Regions Financial $3.5 billion

Capital One Financial $3.6 billion

First Horizon National $866 million

Huntington Bancshares $1.4 billion

KeyCorp $2.5 billion

Valley National Bancorp $300 million

Zions Bancorp $1.4 billion

Marshall & Ilsley Corp $1.7 billion

US Bancorp $6.6 billion

TCF Financial $361 million

First Niagara Financial $184 million

HF Financial Corp $25 million

Centerstate Banks Fla. $28 million

First Community Bancshares,Inc. $42 million

Western Alliance Bancorp. $140 million

Webster Financial $400 million

Pacific Capital Bancorp. $181 million

Heritage Commerce Corp. $40 million

Ameris Bancorp. $52 million

Porter Bancorp $35 million

Banner Corp $124 million

Cascade Financial $39 million

Columbia Banking $77 million

Heritage Financial Corp. $24 million

First PacTrust Bancorp. $19 million

Severn Bancorp, Inc. $23 million

Boston Private $154 million

Associated Banc-Corp $525 million

Trustmark Corp $215 million

First Community Corp. $11 million

Taylor Capital $105 million

Nara Bancorp, Inc. $67 million

Midwest Banc Holdings $85 million

MB Financial, Inc. $20 million

First Midest Bancorp $19 million

United Community Banks $180 million

Wesbanco Bank, Inc. $75 million

Encore Bancshare, Inc. $34 million

Manhattan Bancorp $1.7 million

Iberiabank Corporation $90 million

Eagle Bancorp, Inc. $38 million

Sandy Spring Bancorp $83 million

Coastal Banking Co, Inc. $10 million

East West Bancorp. $307 million

South Financial Group $347 million

Great Southern Bancorp $58 million

Cathay General Bancorp $258 million

Southern Community Fin $43 million

CVB Financial, Corp. $130 million

First Defiance Fin $37 million

First Financial Hldgs $65 million

Superior Bancorp, Inc. $69 million

Southwest Bancorp, Inc. $70 million

Popular, Inc. $935 million

Blue Valley Ban Corp $22 million

Central Federal Corp $7.2 million

Bank of Marin Bancorp $28 million

Bank of North Carolina $31 million

Central Bancorp, Inc. $10 million

S. Missouri Bancorp $9.6 million

State Bancorp, Inc. $39 million

TIB Financial, Corp. $37 million

Unity Bancorp, Inc. $21 million

Old Line Bancshares $7.0 million

FPB Bancorp, Inc. $5.8 million

Sterling Financial Corp. $303 million

Oak Valley Bancorp $14 million

TOTAL: $165.3 billion

NOTE: Capital injection to Merrill Lynch deferred pending its merger with Bank of America.

(Compiled by Reuters' Washington bureau)

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