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C » Topics » Use of TARP Proceeds

These excerpts taken from the C 10-K filed Feb 27, 2009.

Use of TARP Proceeds

Citigroup has established a formal process for its use of the TARP proceeds which is directed by senior executives and emphasizes expanding the flow of credit and strengthening the financial system in the United States, consistent with the objectives of TARP. Citigroup’s first quarterly progress report regarding its implementation and management of TARP was issued on February 3, 2009. See “TARP and Other Regulatory Programs” on page 44.

Use of TARP Proceeds

Citigroup has established a formal process for its use of the TARP proceeds which is directed by senior executives and emphasizes expanding the flow of credit and strengthening the financial system in the United States, consistent with the objectives of TARP. Citigroup’s first quarterly progress report regarding its implementation and management of TARP was issued on February 3, 2009. See “TARP and Other Regulatory Programs” on page 44.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 27, 2009

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