Press Releases
FOR IMMEDIATE RELEASE: June 1, 2009
CONTACT: Treasury Public Affairs (202) 622-2960
Treasury Releases Capital Purchase Program
Monthly Lending Report Data
WASHINGTON – The U.S. Department of the Treasury today released the data from its first Capital Purchase Program (CPP) Monthly Lending Report. The CPP Monthly Lending Report includes all participants in the CPP and will be published in addition to the Monthly Lending and Intermediation Snapshot of the top 21 CPP participants, which Treasury first released in January 2009. The Lending Report, launched today, will make available three data points on a monthly basis: average outstanding balances of consumer loans, commercial loans, and total loans from all CPP participants.
This first Monthly Lending Report includes data from 500 banks for the period of February 2009 and March 2009, as well as information from the snapshot for the top 21 participants. The report shows that the total average outstanding loans for all CPP participants were $5,279 billion in February 2009 and $5,237 billion in March 2009.
Treasury launched the Monthly Lending Report today and the Monthly Lending and Intermediation Snapshot in January in order to provide increased insight into trends in lending by making new information available about loans outstanding from CPP institutions. The relatively high frequency of reporting is designed to facilitate rapid feedback and trend analysis on lending than possible through other sources.
Through the CPP, the Treasury invests in viable banks to stabilize the financial system by building up the capital bases of banks, enabling continued lending and economic recovery. Strong capital levels enable banks to continue to play their vital roles as providers of credit to businesses and consumers. Since creating the CPP in October 2008, Treasury has invested in more than 600 banks of all sizes in 48 states, Puerto Rico and the District of Columbia.
- About the CPP Monthly Lending Report
- Summary Table
- Individual Bank Reports (February – March, 2009)
- Data Tables
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