Treasury’s Bowler Leaving Role Managing TARP
Bloomberg
Tuesday, June 2, 2015
Acting Assistant Secretary for Financial Stability Timothy Bowler will be leaving the Treasury Department in mid-June after leading the department’s wind-down of the Troubled Asset Relief Program (TARP). The TARP Capital Purchase Program currently has 30 banks remaining, down from 700 in 2008. Of these, two are CDFI banks. The CDCI portfolio contains 69 CDFIs, 29 of which are CDFI banks. Bowler assumed his role managing the portfolio after Timothy Massad left to be chairman of the Commodity Futures Trading Commission. Bowler has not yet confirmed any future career plans.