The Treasury Department is still investing in banks as part of its effort to boost capital at companies nationwide.
The latest data, which the Treasury released Tuesday afternoon, showed that the department had invested $10.7 million in two new companies — Chicago Shore Corp. and Financial Services of Winger Inc. in Minnesota.
Under a part of the Troubled Asset Relief Program known as the Capital Purchase Program, the government has invested billions of dollars in banking companies in exchange for preferred stock and warrants. The total invested through the program is $203.3 billion, according to the data. But banks have repaid more than $70 billion, something Obama administration officials point to as a sign of improving financial markets.
