Broad-Based Capital Injections

US Capital Purchase Program (CPP)

Announced: October 14, 2008

Purpose

“To encourage US financial institutions to build capital to increase the flow of financing to US businesses and consumers and to support the U.S. economy.”

Key Terms

  • Announcement Date
    October 14, 2008
  • Operational Date
    October 14, 2008
  • Issuance Window Expiration Date
    October 3, 2010
  • Program Size
    $250 billion
  • Usage
    $204.9 billion
  • Outcomes
    $226.8 billion in revenue
  • Notable Features
    Tier-1 and Tier-2 assistance, refinancing into CDCI or SBLF, 9 largest financial institutions participating

Key Design Decisions

Part of a Package1

Governance1

Individual Participation Limits1

Source of Injections1

Communication1

Eligible Institutions2

Capital Characteristics1

Other Conditions2

Fate of Existing Board and Management1

Exit Strategy2

Amendments to Relevant Regulation1

Key Program Documents

Key Program Documents

Key Program Documents

Key Program Documents

Key Program Documents

Key Program Documents

Key Program Documents

Taxonomy

Intervention Categories:

  • Broad-Based Capital Injections

Countries and Regions:

  • United States

Crises:

  • Global Financial Crisis