Feb 3, 2009 11:45 am US/Eastern
Treasury Provides Another $1.15B To 42 Banks
WASHINGTON (AP) ―
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Treasury Secretary Timothy Geithner stands prior to his swearing-in at the Treasury Department in Washington, Jan. 26, 2009.
Saul Loeb / AFP/Getty Images
The Treasury Department says it has provided $1.15 billion to 42 banks in new payments from the government's $700 billion financial rescue fund.
The department says the latest capital infusions went to banks in 25 states, including the first awards in Nebraska.
The new distributions were made Friday and mark the second round of payments from the bailout fund since President Barack Obama took office.
The latest payments mean a total of 359 financial institutions in 45 states and Puerto Rico have received over $195 billion in support.
(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
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