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The US Treasury announced in its May Troubled Asset Relief Program (TARP) report to Congress, that TARP repayments have surpassed the total amount of TARP funds outstanding. "TARP repayments have continued to exceed expectations, substantially reducing the projected cost, an official said.
TARP repayments had reached a total of $194 billion, which exceeded the total amount of TARP funds outstanding ($190 billion) by $4 billion.
Going forward, over the life of the program, additional TARP expenditures beyond those that have occurred through May 2010 are expected to be made for housing initiatives and other programs, such as those to assist smaller banks and the securitization markets, but Treasury still expects that repayments will continue to exceed outstanding amounts.