Friday, January 01, 2010

Chicago PMI revised down, Treasury makes final TARP Bank Investments

by Calculated Risk on 1/01/2010 09:53:00 AM

A couple of stories that I missed yesterday ...

Dow Jones reports that the Chicago Institute for Supply Management revised down the Chicago PMI to 58.7 on Thursday from the announced reading of 60.0 on Wednesday. The most significant change was to the employment index that now shows contraction at 47.6 compared to the announced 51.2.

And the WSJ reports that the Treasury announced they made their final TARP investment in a bank: Treasury Ends TARP Bank Investments (ht jb)

The U.S. Treasury this week officially ended the bank recapitalization portion of its Troubled Asset Relief Program. ... A Treasury spokesman said [10 small banks] would be the last to receive capital under the effort ...