About the Survey
The Treasury Department is committed to determining the effectiveness of all of the programs of the Office of Financial Stability (OFS). One aspect of this evaluation is analyzing the usage of Capital Purchase Program (CPP) and Community Development Capital Initiative (CDCI) capital for a more effective understanding of what actions institutions have taken, or were able to avoid taking, as a result of CPP or CDCI funding. To this end, the Treasury Department collects and analyzes information from a number of sources to gauge the effectiveness of the CPP and CDCI, to include the annual Use of Capital Survey. Learn more about the CPP and CDCI programs.
The purpose of the Use of Capital Survey is to obtain insight into the lending, financial intermediation, and capital building activities of all recipients of government investment through CPP and CDCI funds. This survey is designed to capture representative information of CPP and CDCI fund usage without imposing excessive burdens on institutions. This year, the survey details how each financial institution has employed the capital infusion of CPP or CDCI funds from January 1 through December 31, 2017.
Survey Responses
Treasury requested initial responses to the Use of Capital Survey by March 7, 2018. A total of 26 out of the 41 institutions surveyed submitted a response. Of those responses, 7 were from CPP participants and the remaining 19 were from CDCI participants.
Survey Results
The survey provides participants the ability to self-cite among possible uses of capital, and also provides space for narrative responses. Participants can report on multiple uses of capital from the following eight categories:
There continues to be a majority of respondents (73.1%) who have cited that their institutions increased lending or reduced lending less than otherwise would have occurred after the receipt of CPP or CDCI capital. Also, 3 respondents (11.5%) cited their use of capital was for holding capital as a non-leveraged increase to total capital.
The table below summarizes the percentage of respondents that cited each of the eight uses listed in the survey (in order of the most frequently cited):
Link to Table
Regulatory Financial Information
In addition to the survey responses, Treasury published summary balance sheet and income statement information from institutions’ regulatory filings. The summary balance sheet and income statement information is as of the fourth quarter 2016 and fourth quarter 2017. Financial data for bank holding companies represent the summation of Federal Financial Institutions Examination Council (FFIEC) Call Reports filed by all Federal Deposit Insurance Corporation (FDIC)-insured bank and thrift subsidiaries held by a bank holding company, and do not reflect non-depository subsidiaries or parent companies. Data values have not been adjusted for intra-company transactions. Official Holding Company Reports (such as the Y-9C, which consists of Consolidated Financial Statements) can be found at the website for the FFIEC--National Information Center (NIC).
Treasury does not audit or change the responses provided by participating institutions.
Review 2016, 2015, 2014, 2013, 2012, 2011, 2010 and 2009 Documents.
Link to Frequently Asked Questions for 2017 Survey