The Treasury Department will receive $62 million from its latest auction of stakes it owns in banks through the Troubled Asset Relief Program.

The proceeds represent a slight discount to what the Treasury initially invested in the 15 banks at the height of the financial crisis in 2008 and 2009. The sales are expected to close before the end of the month, the Treasury said Tuesday. The offerings were priced through a modified Dutch auction where potential investors submit their bids in advance.

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