CCP winds down

The Government Accountability Office (GAO) has issued a report on the progress being made by Treasury to wind down the Capital Purchase Program (CCP). As of January 31, 2014, Treasury has sold all or part of its CPP investment in 162 institutions, with investments in 83 remaining. CPP was the primary tool for restoring stability to the U.S. financial system under the Troubled Asset Relief Program. It involved Treasury investments of almost $205 billion in 707 eligible institutions, and a total of 624 of the original 707 institutions have exited the program.