This morning, Treasury announced that 10 of the largest U.S. financial institutions participating in the Capital Purchase Program (CPP) have met the requirements for repayment of CPP funds, as established by the primary federal banking supervisors. If the institutions choose to repay their CPP funding, Treasury expects to receive approximately $68 billion in repayment proceeds. Combined with repayments received to date from other institutions, Treasury will have received approximately $70 billion in repayments from CPP participants.

Treasury's announcement follows the Federal Reserve's release last week, of its specific criteria to evaluate requests by the 19 largest bank holding companies (BHCs) which participated in the Federal Reserve's Supervisory Capital Assessment Program (SCAP) to redeem TARP capital investments, and yesterday's announcement that the 10 BHCs required by SCAP to bolster their capital buffers "have all submitted capital plans that, if implemented, would provide sufficient capital to meet the required buffer under the assessment's more-adverse scenario."