Monday, November 17, 2008

Who is Getting the Bank Bailout Money?

Here's a list of the banks that have received funds so far:

10/28/2008 Wells Fargo & Co. San Francisco Calif. $25,000,000,000
10/28/2008 JPMorgan Chase & Co. New York N.Y. $25,000,000,000
10/28/2008 Citigroup Inc. New York N.Y. $25,000,000,000
10/28/2008 Bank of America Corp. Charlotte N.C. $15,000,000,000
10/28/2008 Merrill Lynch & Co. Inc. New York N.Y. $10,000,000,000
10/28/2008 Morgan Stanley New York N.Y. $10,000,000,000
10/28/2008 Goldman Sachs Group Inc. New York N.Y. $10,000,000,000
11/17/2008 U.S. Bancorp Minneapolis Minn. $6,599,000,000
11/17/2008 Capital One Financial Corp. McLean Va. $3,555,199,000
11/17/2008 Regions Financial Corp. Birmingham Ala. $3,500,000,000
11/17/2008 SunTrust Banks Inc. Atlanta Ga. $3,500,000,000
11/17/2008 BB&T Corp. Winston-Salem N.C. $3,133,640,000
10/28/2008 Bank of New York Mellon Corp. New York N.Y. $3,000,000,000
11/17/2008 KeyCorp Cleveland Ohio $2,500,000,000
11/17/2008 Comerica Inc. Dallas Texas $2,250,000,000
10/28/2008 State Street Corp. Boston Mass. $2,000,000,000
11/17/2008 Marshall & Ilsley Corp. Milwaukee Wis. $1,715,000,000
11/17/2008 Northern Trust Corp. Chicago Ill. $1,576,000,000
11/17/2008 Zions Bancorporation Salt Lake City Utah $1,400,000,000
11/17/2008 Huntington Bancshares Columbus Ohio $1,398,071,000
11/17/2008 First Horizon National Corp. Memphis Tenn. $866,540,000
11/17/2008 TCF Financial Corp. Wayzata Minn. $361,172,000
11/17/2008 Valley National Bancorp Wayne N.J. $300,000,000
11/17/2008 UCBH Holdings Inc. San Francisco Calif. $298,737,000
11/17/2008 Umpqua Holdings Corp. Portland Ore. $214,181,000
11/17/2008 Washington Federal Inc. Seattle Wash. $200,000,000
11/17/2008 Provident Bancshares Corp. Baltimore Md. $151,500,000
11/17/2008 Bank of Commerce Holdings Redding Calif. $17,000,000
11/17/2008 1st FS Corp. Hendersonville N.C. $16,369,000
11/17/2008 Broadway Financial Corp. Los Angeles Calif. $9,000,000



Total: $158,561,409,000

2 comments:

Connie said...

Thanks for posting this information. As one of the baby boomers who has grown up misusing credit, but one who can still pay the bills mostly on time, but who has been occasionally late only to be slapped with escalating interest rates, big late fees, and unfriendly, irreversible credit terms, as well as someone who has 'paid myself first' by investing my money wisely I thought for my future retirement, my kids' college, even car funds, only to lose my money to questionable stock market downturns, I have to say I'm watching this thing very carefully.

Chief said...

I certainly feel for those who are nearing retirement, or those there already. Losing 40-50% of one's portfolio is always horrible, but for those who rely on it for day-to-day living expenses, it could be disastrous.