RPT-FACTBOX-U.S. bailout losses $42 bln in first year

(Repeats to fix formatting)

Dec 9 (Reuters) - The U.S. Treasury has estimated that its
Troubled Asset Relief Program racked up taxpayer losses of
about $42 billion in its first year of operation.

From the bailout program's creation in October 2008 through
Sept. 30, 2009, the Treasury estimates that it made money on
investments in banks and lending programs, while losing some
$30 billion each on rescues for the auto industry and insurer
American International Group AIG.

Following are key figures from the General Accountability
Office's report of the Treasury financial statements for the
program. The subsidy income and costs -- or losses -- shown
below are based on changes in the estimated value of the
investments, as well as profits from dividends and stock
warrants sold by the Treasury.
PROGRAMS WITH ESTIMATED SUBSIDY INCOME AMOUNT IN BILLIONS
Capital Purchase Program $15.033
Targeted Investment Program 1.927
Asset Guarantee Program 2,201
Consumer and Business Lending Initiative 0.339
TOTAL With net subsidy income 19.500
PROGRAMS WITH ESTIMATED SUBSIDY COST (LOSSES)
AIG Investments -$30.427
Automotive Industry Financing Program -30.477
TOTAL with net subsidy cost -60.904
ADDITIONAL TARP COSTS
Home Affordable Modification Program - 0.002
Administrative Costs - 0.167
Total Net (Costs) of TARP Operations -$41.573
ESTIMATED VALUE OF TARP INVESTMENTS
Program Outstanding Value on

Balance Sept 30,2009
Capital Purchase Program $133.9 $141.7
Targeted Investment
Program 40.0 40.3
AIG Investment Program 43.2 13.2
Automotive Industry
Financing Program 73.8 42.3
Term Asset-Backed
Securities Loan Facility 0.1 0.4
Total $291.0 $237.9
SOURCE: U.S. Treasury, Government Accountability Office audit
report for fiscal 2009
(Reporting by David Lawder)