Capital Purchase Program: revenues have exceeded investments, but concerns about outstanding investments remain : report to congressional committees.

Capital Purchase Program: revenues have exceeded investments, but concerns about outstanding investments remain : report to congressional committees.

by U.S. Government Accountability Office

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Overview

"
The Capital Purchase Program (CPP)
was established as the primary means of restoring liquidity and stability to the financial system under the Troubled
Asset Relief Program (TARP). Under
CPP, the Department of the Treasury
(Treasury) invested almost $205 billion in 707 eligible financial institutions between 2008 and December 2009.
CPP recipients have made dividend and interest payments to Treasury on the investments. TARP's authorizing legislation requires GAO to report every 60 days on TARP activities,
including those of CPP. This report examines (1) the status of CPP and (2)
the financial condition of institutions receiving CPP investments.
GAO reviewed Treasury reports on the
CPP program and participants and interviewed officials from Treasury and the financial regulators. Using financial and regulatory data, GAO compared the financial condition of institutions remaining in CPP with those that had exited the program and those that did not participate in CPP.
"

Product Details

ISBN-13: 9781974233915
Publisher: CreateSpace Publishing
Publication date: 08/04/2017
Pages: 46
Product dimensions: 6.00(w) x 1.25(h) x 9.00(d)

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