Treasury provides another $1.15 billion to 42 banks

WASHINGTON — The Treasury Department says it has provided $1.15 billion to 42 banks in new payments from the government’s $700 billion financial rescue fund.

The department says the latest capital infusions went to banks in 25 states, including the first awards in Nebraska.

The new distributions were made Friday and mark the second round of payments from the bailout fund since President Barack Obama took office.

The latest payments mean a total of 359 financial institutions in 45 states and Puerto Rico have received over $195 billion in support.