A short-form application for big bailout bucks. Dec 15, 2008
WASHINGTON (AP) — Ever need a college loan? You've probably pored through the notorious eight-page FAFSA application. A likely home buyer? Try the five-page Uniform Residential Loan Application. But what if you're a bank looking for a few billion from the federal government's new Capital Purchase Program? Two pages. That's all the nation's financial institutions had to fill out to request money from the government's $700 billion Trouble Asset Relief Program. In fact, the first page only requires bank contact information. http://www.google.com/hostednews/ap/article/ALeqM5hFbZwnjcUf_t3sESEtDATungKPlAD953A3V00 --- File your own before they spend the unspent $350 billion. http://www.sba.gov/idc/groups/public/documents/sba_homepage/guideline_tarp_capitalpurchase.pdf Page 1. Institution Name: ________________________ Address of Institution: ____________________ Primary Contact Name: ___________________ Primary Contact Phone Number: ____________ Primary Contact Fax Number: ______________ Primary Contact Email Address: _____________ Secondary Contact Name: __________________ Secondary Contact Phone Number: ___________ Secondary Contact Fax Number: _____________ Secondary Contact Email Address: ___________ Page 2. RSSD, Holding Company Docket Number and / or FDIC Certificate Number, As Relevant: _________________ Amount of Preferred Shares Requested: _________________________ Amount Of Institution’s Authorized But Unissued Preferred Stock Available For Purchase: ________________ Amount Of Institution’s Authorized But Unissued Common Stock: __________ Amount Of Total Risk-Weighted Assets As Reported On The Holding Company’s Or Applicable Institution’s Most Recent FR-Y9, Call Report, Or TFR, As Relevant: _________ Institution Has Reviewed The Investment Agreements And Related Documentation On Treasury’s Website (Yes/No): _____________ Describe Any Condition, Including A Representation Or Warranty, Contained In The Investment Agreements And Related Documentation, The Institution Believes it Cannot ComplyWith By November 14, 2008 And Provide A Timeline For Reaching Compliance1: ___________________________ Type of Company2: ______________________ Signature of Chief Executive Officer (or Authorized Designee): ___________ Date of Signature: _______________________ --- Too bad the auto companies didn't get any short forms. --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
