Capital Purchase Program
E383979
The Capital Purchase Program was a U.S. Treasury initiative under TARP that injected capital into banks by purchasing preferred stock to stabilize the financial system during the 2008 crisis.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Capital Purchase Program canonical | 6 |
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
TARP initiative
ⓘ
United States Treasury program ⓘ financial stabilization program ⓘ |
| abbreviation | CPP ⓘ |
| administeredBy | United States Department of the Treasury ⓘ |
| aimedAt |
increasing bank lending
ⓘ
strengthening bank capital ratios ⓘ |
| announcedBy |
Bush administration
ⓘ
surface form:
George W. Bush administration
Henry Paulson ⓘ |
| appliesTo |
U.S. banks
ⓘ
bank holding companies ⓘ certain thrift institutions ⓘ |
| appliesToJurisdiction |
United States of America
ⓘ
surface form:
United States
|
| authorizedUnderProgram | Troubled Asset Relief Program ⓘ |
| continuedDuring | Barack Obama presidency ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| endCause | improvement of financial market conditions after crisis ⓘ |
| fundingSource |
United States Department of the Treasury
ⓘ
surface form:
U.S. Treasury
|
| hasEffect | injection of capital into financial institutions ⓘ |
| hasPurpose |
recapitalization of banks
ⓘ
restoration of confidence in the banking system ⓘ stabilization of the U.S. financial system ⓘ |
| historicalPeriod |
2008 United States housing and financial crisis
ⓘ
surface form:
Great Recession
|
| implementedDuring |
Bush administration
ⓘ
surface form:
George W. Bush presidency
|
| imposesCondition |
dividend payment limits on participating institutions
ⓘ
restrictions on executive compensation for participants ⓘ |
| inception | 2008 ⓘ |
| industry | financial services ⓘ |
| investmentInstrument |
preferred stock
ⓘ
warrants for common stock ⓘ |
| legalBasis | Emergency Economic Stabilization Act of 2008 ⓘ |
| mainSubject | 2007–2008 financial crisis ⓘ |
| monitoredBy |
Office of Financial Stability (historical)
ⓘ
surface form:
Office of Financial Stability
|
| oversight |
Congressional Oversight Panel
ⓘ
Government Accountability Office ⓘ |
| parentProgramBudget | 700 billion USD ⓘ |
| partOf | Troubled Asset Relief Program ⓘ |
| policyType |
bank recapitalization policy
ⓘ
crisis intervention program ⓘ |
| regulates | capital structure of participating banks ⓘ |
| relatedTo |
Capital Assistance Program
ⓘ
Public-Private Investment Program ⓘ Federal Reserve emergency lending programs ⓘ
surface form:
Systemically Significant Failing Institutions Program
|
| sector | banking ⓘ |
| startTime | October 2008 ⓘ |
| usesMethod |
purchase of equity warrants
ⓘ
purchase of preferred stock ⓘ |
Referenced by (6)
Full triples — surface form annotated when it differs from this entity's canonical label.
Special Inspector General for the Troubled Asset Relief Program
→
relatedProgram
→
Capital Purchase Program
ⓘ
Timothy Geithner as United States Secretary of the Treasury
→
oversawProgram
→
Capital Purchase Program
ⓘ
subject surface form:
Timothy Geithner