ABSTRACT

Capital Purchase Program: Status of the Program and Financial Health of Remaining Participants, Report to Congressional Committees   [open pdf - 776KB]

From the GAO (Government Accountability Office) Highlights: "CPP [Capital Purchase Program] was established as the primary means of restoring stability to the financial system under the Troubled Asset Relief Program (TARP). Under CPP, Treasury invested almost $205 billion in 707 eligible financial institutions between October 2008 and December 2009. CPP recipients have made dividend and interest payments to Treasury on the investments. TARP's authorizing legislation requires GAO [Government Accountability Office] to report every 60 days on TARP activities. This report examines (1) the status of CPP; and (2) the financial condition of institutions remaining in the program. To assess the program's status, GAO reviewed Treasury reports on the status of CPP. GAO also used financial and regulatory data to compare the financial condition of institutions remaining in CPP with those that had exited the program and those that did not participate. GAO provided a draft of this report to Treasury for its review and comment. Treasury generally concurred with GAO's findings."

Report Number:
GAO-13-458
Publisher:
Date:
2013-05
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: http://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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