US supplies $3.84 billion to 35 banks from bailout pot

The US government said it has supplied $3.84 billion to 35 banks in a third round of payments from the $700 billion financial system rescue program. The Treasury Department said it authorized the payments on Friday, bringing the total supplied to banks to $165.3 billion. This left 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.