The Federal Deposit Insurance Corp. sent a letter, the Congressional Oversight Panel issued its second report, and Barney Frank introduced a bill: everybody wants accountability from the Troubled Asset Relief Program.

“Given that government funds, capital and guarantees are being used to support banking institutions, banks are expected to document how they are continuing to meet the credit needs of creditworthy borrowers,” the FDIC says in its January 1 institutional letter. “The FDIC expects that state nonmember institutions (or the parent companies) will deploy funding from these federal programs to prudently support credit needs in their market and strength bank capital.”

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