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Gov't supplies $3.84B to 35 banks

ktrk
By ABC13
WASHINGTON [CHECK THE MARKETS: Get the latest numbers from Wall Street]
[FINANCIAL CRISES: From the Depression until today]
[SURVIVAL GUIDE: Weathering the financial crisis]

The Treasury Department says it authorized the payments on Friday, bringing the total supplied to banks to $165.3 billion.

That leaves less than $85 billion to be spent out of the $250 billion that has been earmarked to make direct purchases of stock in banks as a way of bolstering their balance sheets and encouraging them to resume more normal lending.

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