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Initial Report to the CongressFebruary 6, 2009
Office of the Special Inspector Generalfor the Troubled Asset Relief Program
SIGTARPSIGTARP
 Advancing Economic Stability Through Transparency, Coordinated Oversight and Robust Enforcement
SIGTARPSIGTARP
202.622.1419SIGTARP@do.treas.govwww.SIGTARP.gov
 S I   G T  A R P :  I  ni    t  i    al    R  e p or  t   t   o t  h  e C  on gr  e s  s  |   F  e b r  u ar  y 6  ,2  0  0  9 
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MISSION
SIGTARP’             TARP ,  ,  ,     , w     , w w,   TARP . 
STATUTORY AUTHORITY
SIGTARP w   S 121   E ESz A  2008 (EESA). U EESA,  S I G  ,   ,  ,        ,       T A R P (TARP). I    , SIGTARP      S 6   I G A  1978,  w   .
Ofce o the Special Inspector Generalor the Troubled Asset Relie Program
G T: 202.622.1419SIGTARP@.. www.SIGTARP. 
 
CONTENTSExecutive Summary
1
Section 1
THE OFFICE OF THE SPECIAL INSPECTOR GENERAL FORTHE TROUBLED ASSET RELIEF PROGRAM 1
SIGTARP’s Creation and Statutory Authority 13SIGTARP’s Mission and Core Values 13SIGTARP’s Organizational Structure14Building SIGTARP’s Organization 16SIGTARP’s Oversight Activities to Date 18
Section 2
 TARP OVERVIEW 27
Legislative Background 29EESA Provisions30Implementation o EESA 3
TARP Mechanics3
Section 3
TARP IMPLEMENTATION AND ADMINISTRATION 41
Overview oImplemented Programs43Capital Purchase Program 49Institution-Specic Assistance5
Term Asset-Backed Securities Loan Facility 8
TARP Operations and Administration8
Section 4
 LOOKING FORWARD: SIGTARP STRATEGY AND ONGOINGRECOMMENDATIONS TO TREASURY 9
 Audit Division Strategy 9
Investigations Division Strategy 

SIGTARP Recommendations or Operation o the TARP

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