U.S. Army Captain Michael Kelvington, commander of the Battle company, 1-508 Parachute Infantry battalion, 4th Brigade Combat Team, 82nd Airborne Division, bows next to remains of Gulam Dostager, a member of Afghan Local Police who was killed in the blast of an Improvised Explosive Device (IED) during the joint Tor Janda (Black Flag in Pashtu) operation, in Zahri district of Kandahar province, southern Afghanistan May 25, 2012.  REUTERS/Shamil Zhumatov  (AFGHANISTAN - Tags: MILITARY CIVIL UNREST CONFLICT TPX IMAGES OF THE DAY)

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Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012.  REUTERS/Eduardo Munoz (UNITED STATES - Tags: MILITARY ANNIVERSARY TPX IMAGES OF THE DAY)

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FACTBOX: Where has the U.S. bailout money gone?

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Tue Feb 17, 2009 4:27pm EST

(Reuters) - The U.S. Treasury Department on Tuesday said it has disbursed $295.69 billion from the $700 billion financial bailout program approved by Congress in October.

While less than $300 billion has been disbursed, most of the emergency fund has already been pledged.

Following is an outline of funds spent or pledged from the bailout program so far:

-- An unspecified amount pledged to seed a public-private partnership to buy bad assets from banks.

-- An unspecified amount pledged to pump capital into banks. In the most recent report on bank investment transactions through February 13, the Treasury said it has completed equity purchases totaling nearly $196 billion.

-- $50 billion pledged for mortgage foreclosure mitigation under a program yet to be detailed.

-- $20 billion pledged for Bank of America as part of a package in which the government agreed to share in losses on $118 billion of assets. The $20 billion is in addition to $25 billion for the bank already disbursed under the $250 billion Capital Purchase Program.

-- $20 billion investment in Citigroup as part of a package in which the government agreed to share in losses on $301 billion of assets. In addition to the $20 billion investment, the Treasury agreed to cover up to $5 billion in losses on the portfolio with TARP funds.

-- $40 billion investment in troubled insurer American International Group.

-- $20.9 billion to prop up the U.S. auto industry. The amount includes $10.4 billion in loans to General Motors Corp, including $1 billion for GM to help its financing affiliate GMAC reorganize as a bank holding company; a $4 billion loan for Chrysler LLC; a $5 billion direct investment in GMAC; and a $1.5 billion loan for Chrysler Financial. GM could also qualify for a further loan of $4 billion in March.

-- $100 billion pledged to cover potential losses for a Federal Reserve program aimed at supporting credit card, auto, education and small-business lending. The Treasury had initially committed $20 billion to this program, but Treasury Secretary Timothy Geithner said it would be expanded.

(Editing by Kenneth Barry)

(For details on money already disbursed and recipients, see: here)

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