As part of the 30-day planning process, firms will need to review their existing management and board in order to assure that the leadership of the firm has sufficient expertise and ability to manage the risks presented by the current economic environment
—Government Source
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Company ……………………………Capital Requirement
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Total …………………………………… $65.5 Billion in additional Capital
Bank of America………………………$34b
Wells Fargo……………………………$15b
GMAC……………………………………$11.5b
Citigroup…………………………………$5b
Morgan Stanley………………………..—none—
Goldman………………………………..—none—
MetLife…………………………………..—none—
JPMorgan Chase………………………—none—
Bank of NY Mellon……………………—none—
American Express……………………—none—
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Company…………………………….Government Capital Injections by Firm
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Bank of America………Targeted Investment Program $20b, 01/16/09
……………………………Capital Purchase Program $10b, 01/09/09*
……………………………Capital Purchase Program $15b, 10/28/08
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Wells Fargo……………Capital Purchase Program $25b, 10/28/08
———————————————————————————————————————
GMAC………………….Automotive Industry Financing Program $5b 12/29/08
………………………….GMAC has also received other financial assistance
———————————————————————————————————————
Citigroup………………Targeted Investment Program $20b, 12/31/08
………………………….Asset Guarantee Program $5b, 01/16/09
………………………….Capital Purchase Program $25b, 10/28/08
———————————————————————————————————————
Morgan Stanley………Capital Purchase Program $10b, 10/28/08
———————————————————————————————————————
Goldman Sachs………Capital Purchase Program $10b, 10/28/08
———————————————————————————————————————
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Company……………….Government Capital Injections by Firm
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MetLife…………………..None
———————————————————————————————————————
JPMorgan Chase………Capital Purchase Program $25b, 10/28/08
———————————————————————————————————————
Bank of NY Mellon…….Capital Purchase Program $3b, 10/28/08
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Note: Dollar figures in billions
*This transaction was included in previous Transaction Report with
Merrill Lynch listed as the qualifying institution and a 10/28/2008
transaction date. The purchase of Merrill Lynch by Bank of America
was completed on Jan. 1, 2009 and this transaction under the CPP was
funded on Jan. 9, 2009
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