Full text of Board of Governors of the Federal Reserve System : Documents Relating to the Financial Crisis of 2007-2009 : Federal Reserve, OCC, and FDIC Release Results of the Supervisory Capital Assessment Program, May 7, 2009

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Press Release

Release Date: May 7, 2009
For release at 5:00 p.m. EDT
The results of a comprehensive, forward­looking assessment of the financial conditions of the
nation's 19 largest bank holding companies (BHCs) by the federal bank supervisory agencies were
released on Thursday.
The exercise­­conducted by the Federal Reserve, the Office of the Comptroller of the Currency, and
the Federal Deposit Insurance Corporation­­was conducted so that supervisors could determine the
capital buffers sufficient for the 19 BHCs to withstand losses and sustain lending­­even if the
economic downturn is more severe than is currently anticipated. In a detailed summary of the results
of the Supervisory Capital Assessment Program (SCAP), the supervisors identified the potential
losses, resources available to absorb losses, and resulting capital buffer needed for the 19
participating BHCs.
The SCAP is a complement to the Treasury's Capital Assistance Program (CAP), which makes
capital available to financial institutions as a bridge to private capital in the future. Together, these
programs play a critical role in ensuring that the U.S. banking sector will be in a position of
strength.
Statement by Chairman Ben S. Bernanke
Overview of Results (10.61 MB PDF)
Related information
Joint statement by Federal Reserve, Treasury, FDIC, and OCC on Treasury Capital Assistance
Program and Supervisory Capital Assessment Program (May 6, 2009)
The Supervisory Capital Assessment Program: Design and Implementation (287 KB PDF)
Agencies to Begin Forward­Looking Economic Assessments (February 25, 2009)