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The Treasury Department announced Thursday that it has disbursed $266.9 billion from the $700 billion financial rescue program.In its latest update to Congress, the department said it closed $65.4 billion in transactions since its last report on Dec. 2. Under the law that Congress passed on Oct. 3, Treasury must provide a report summing up its activities once its commitments pass certain milestones.The new report included $187.5 billion provided to banks in an effort to get them to resume more normal lending and $19.4 billion for the auto industry.The support for the auto industry included $10.4 billion to General Motors Corp., $4 billion for Chrysler Holding LLC and $5 billion for GMAC LLC, the financing arm for General Motors.Besides the program to buy preferred stock in banks and the auto support program, Treasury provided $20 billion to Citigroup Inc. on Dec. 31, and $4
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