Yesterday, Treasury Secretary Tim Geithner announced that the Treasury Department will begin posting investment contracts of the banks that are participating in the Troubled Asset Relief Program (TARP).

Washington, DC – Building on President Barack Obama and Secretary Tim Geithner's commitment to increase transparency and accountability in the Troubled Assets Relief Program (TARP), the U.S. Department of the Treasury today announced a new policy of posting investment contracts for future completed transactions to the Department's website within five to 10 business days.

For contracts already completed, documents will be posted on a rolling basis, beginning today with the first nine contracts completed under the Capital Purchase Program (CPP), as well as contracts for transactions closed under the Systemically Significant Failing Institutions (SSFI) program, the Targeted Investment Program (TIP) and the Automotive Industry Financing Program (AIFP). Treasury will work in the coming weeks to make public all copies of existing investment agreements.

Sure, there's a lot more to be done, but posting terms of purchase for TARP'd banks is a good first step. And, it signals that Geithner is adhering to the Obama Administration's pledge of running an open and transparent government.