Program Purpose and Overview
The Capital Purchase Program (CPP) was launched to stabilize the financial system by providing capital to viable financial institutions of all sizes throughout the nation. Without a viable banking system, lending to businesses and consumers could have frozen and the financial crisis might have spiraled further out of control.
Key Facts
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The CPP helped bolster the capital position of viable institutions of all sizes and built confidence in these institutions and the financial system as a whole.
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Under CPP, Treasury provided capital to 707 financial institutions in 48 states.
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The final investment under the CPP was made in December 2009, and Treasury has since focused on recovering the investments.
- Taxpayers have already recovered more than the amount invested in banks through the CPP.
- Treasury is in the process of winding down its remaining bank investments in a way that protects taxpayer interests and preserves the strength of our nation's banks.
Resources
- Auctions
- Program Agreements (We've compiled all of our agreements and made them sortable by program, year, and institution name for your convenience.)
- Contracts
- Program Documents
- Auction Related
- Treasury Appointment of Board Directors and Observers to CPP Institutions
- Capital Purchase Program Repayment
- Treasury Appointment of Board of Directors
- Warrant Repayment
- Program Results
- Bank Lending Surveys
- Reports
- Related Resources
- FAQs