Treasury Puts Tarp Pacts on Web

The Treasury Department said Wednesday that it would post investment contracts with institutions receiving capital from the Troubled Asset Relief Program.

Treasury initiated the policy — aimed at improving the program's transparency — by posting on its Web site contracts with the nine large banks that were the first to get Tarp money. It also posted a subsequent agreement with Citigroup Inc., which received a second infusion.

The site also shows the contracts with American International Group Inc., Chrysler LLC, General Motors Corp., and GMAC LLC, which all got capital infusions. The Treasury said remaining contracts will be posted on a rolling basis.

In a press release Wednesday, Treasury Secretary Timothy Geithner said the administration will unveil further improvements designed to make the terms of government assistance clearer.

"In the coming weeks, we will unveil a series of reforms to help stabilize the nation's financial system and get credit flowing again to families and businesses," he said. "Included in those reforms will be a commitment to increase transparency and oversight."

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