This report describes 1) the various TARP programs and how Treasury has used those programs through September 30, 2009; 2) what ratings agencies do and their role in the market, in Governmental decisions, and in TARP; and (3) what SIGTARP has done to oversee the various TARP programs since its July Quarterly Report. The report also makes new recommendations, and provide updates on past recommendations.

Results from the Treasury Department's monthly bank lending survey for August with data from the top 22 recipients of government investments through the Capital Purchase Program (CPP). The overall outstanding loan balance (of all respondents) fell 1 percent from July to August.

Report on the extent of knowledge and oversight of Federal Reserve and Treasury officials over AIG compensation programs.

The Congressional Oversight Panel's October oversight report, "An Assessment of Foreclosure Mitigation Efforts after Six Months," expresses concern about the limited scope and scale of the Making Home Affordable program and questions whether Treasury's strategy will lead to permanent mortgage modifications for many homeowners.

Report identifies each open GAO recommendation issued in the reports from December 2008, and January, March, June, and July 2009 and then provides a summary of Treasury’s actions to address the specific recommendation.

Transaction report under the Capital Purchase Program (CPP); updated to include CPP repurchase by Commerce National Bank.

Report identifying all existing conflicts in statutes and regulations with respect to similar types of financial instruments. Also includes explanation of "why those differences are essential to achieve underlying policy objectives with respect to investor protection, market integrity, and price transparency" or makes "recommendations for changes to statutes and regulations that would eliminate the differences."

Report on dividends and interest earned from purchases made using TARP funds.

This OCC and OTS Mortgage Metrics Report for the second quarter of 2009 provides performance data on first lien residential mortgages serviced by national banks and federally regulated thrifts. The report covers all types of first lien mortgages serviced by most of the industry’s largest mortgage servicers.