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)

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

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)

Fleet Week

The U.S. Navy takes Manhattan for a week.  Slideshow 

Photo

The SpaceX mission

A privately owned unmanned rocket blasts off on a mission to be the first commercial flight to the International Space Station.  Slideshow 

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

Mon Mar 2, 2009 11:36am EST

(Reuters) - The Treasury Department on Monday offered up to $30 billion in new aid to insurer American International Group, the latest in a series of rescues that draw on a $700 billion U.S. financial bailout fund.

The fresh aid would come on top of a $40 billion government investment in AIG made in November under the Treasury's Troubled Asset Relief Program.

In its latest report on transactions under the $700 billion financial rescue program released on February 24, the Treasury said it had disbursed $306.15 billion.

Much more, however, has been pledged and the Obama administration has held out the possibility it could to go Congress to request a further $750 billion.

Following is an outline of funds spent or pledged from the TARP bailout fund 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 transactions report, the Treasury said it had purchased $196.36 billion in bank equity.

-- $50 billion pledged for mortgage foreclosure mitigation.

-- $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 investment, the Treasury agreed to cover up to $5 billion in losses on the portfolio. The $20 billion is in addition to $25 billion disbursed in the initial round of bank capital injections.

-- $20 billion investment in 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 disbursed earlier as part of the Treasury's bank capital program.

-- $40 billion investment in troubled insurer American International Group made on November 25. In addition, the Treasury said on March 2 that it stood ready to provide up to $30 billion more.

-- $24.78 billion has been disbursed to prop up the U.S. auto industry, according to the latest transactions report.

-- $100 billion pledged to cover potential losses for a Federal Reserve program aimed at supporting credit card, auto, education and small-business lending.

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

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