Today, Goldman, Sachs & Co. and First Niagara Financial Group, Inc. both announced underwritten public offerings of their common stock for the stated purpose of funding the repayment of Treasury's investments in the two institutions. Goldman, which seeking to raise $5 billion, stated that "[a]fter the completion of the stress assessment, if permitted by our supervisors and if supported by the results of the stress assessment, Goldman Sachs would like to use the capital raised plus additional resources to redeem all of the TARP capital." First Niagara, which is seeking to raise $300 million (and for whom Goldman, Sachs & Co. is serving as one of the underwriters), stated that a portion of the proceeds of the offering would be used to "facilitate (in consultation with the Office of Thrift Supervision) the repayment of the $184 million in preferred stock issued to the U.S. Treasury Department pursuant to the Capital Purchase Program and a related warrant for common stock." In the past several weeks, a number of other financial institutions have announced their repayment of Treasury's CPP investments, but these appear to be the first public offerings of common stock for the stated purpose of funding the repayment of Treasury's investments.