Use of Capital Survey

 Annual Use of Capital Survey, 2017 – Capital Purchase Program and Community Development Capital Initiative

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, 20112010 and 2009 Documents.

Link to Frequently Asked Questions for 2017 Survey

2017 Documents

AMERICAN BANCORP OF ILLINOIS, INC.
BROADWAY FEDERAL BANK FSB
CALIFORNIA INTERNATIONAL BANK, N.A.
CARTER FEDERAL CREDIT UNION
CARVER FEDERAL SAVINGS BANK
CITIZENS COMMERCE BANCSHARES, INC.
COMMUNITY BANK OF THE BAY
COMMUNITY FIRST GUAM FEDERAL CREDIT UNION
D.C. FEDERAL CREDIT UNION
EAST END BAPTIST TABERNACLE FEDERAL CREDIT UNION
EPISCOPAL COMMUNITY FEDERAL CREDIT UNION
FAIRFAX COUNTY FEDERAL CREDIT UNION
FIRST AMERICAN INTERNATIONAL CORP.
FIRST BANCORP
GRAND MOUNTAIN BANK FSB
HARBOR BANKSHARES CORPORATION
HILL DISTRICT FEDERAL CREDIT UNION
HOPE FEDERAL CREDIT UNION
IBC BANCORP, INC.
MAGNOLIA STATE CORPORATION, THE
MISSION VALLEY BANCORP
NORTH SIDE COMMUNITY FEDERAL CREDIT UNION
OPPORTUNITIES CREDIT UNION
ST. JOHNS BANCSHARES, INC.
TONGASS FEDERAL CREDIT UNION
VIGO COUNTY FEDERAL CREDIT UNION

Institutions that Did Not Respond This Year

BUFFALO COOPERATIVE FEDERAL CREDIT UNION
CECIL BANCORP, INC.
CITIZENS BANCSHARES CORPORATION
COOPERATIVE CENTER FEDERAL CREDIT UNION
LIBERTY COUNTY TEACHERS FEDERAL CREDIT UNION
NEIGHBORHOOD TRUST FEDERAL CREDIT UNION
NORTHEAST COMMUNITY FEDERAL CREDIT UNION
ONE UNITED BANK
ONEFINANCIAL CORPORATION
PINNACLE BANK HOLDING COMPANY, INC.
RENAISSANCE COMMUNITY DEVELOPMENT CREDIT UNION
SANTA CRUZ COMMUNITY CREDIT UNION
TRI-STATE BANK OF MEMPHIS
TULANE-LOYOLA FEDERAL CREDIT UNION
UNION BAPTIST CHURCH FEDERAL CREDIT UNION
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Last Updated: 7/24/2019 3:44 PM