Supervisory Capital Assessment Program

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Supervisory Capital Assessment Program

A program in the United States that conducted assessments of the capital adequacy of bank holding companies under two different scenarios. Bank holding companies in the United States with assets worth more than $100 billion were tested in 2009. The first scenario assumed generally accepted macroeconomic conditions for 2009 and 2010, while the second made pessimistic assumptions. The program was intended to determine banks' likelihood of failure in the event of a financial crisis.

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SCAP

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Box 1 The Supervisory Capital Assessment Program (SCAP) 2009 and the EU-wide stress test 2010 The Supervisory Capital Assessment Program 2009 (SCAP) In spring 2009, the US authorities conducted a stress test of the 19 largest US bank holding companies.

Norges Bank's stress test in Financial Stability 2/10 compared with banks' projections

5 billion regulatory Supervisory Capital Assessment Program requirement, including the addition of approximately $2.

Regions Reports Financial Results for Second Quarter 2009

Treasury and our regulators to gain approval to repay the TARP capital, including passing the Supervisory Capital Assessment Program, or 'stress test,' issuing senior unsecured, non-FDIC guaranteed debt, issuing new common equity and finally, submitting a comprehensive plan to maintain our historically strong capital levels.

U.S. Bancorp Receives Approval to Redeem $6.6 Billion of Preferred Stock from the U.S. Treasury Department

In early May, American Express received a final report from the Federal Reserve Board's Supervisory Capital Assessment Program that there would be "no capital need" under the more adverse economic scenario modeled in the assessment.

American Express to Repurchase $3.39 Billion of Preferred Shares from U.S. Treasury

5 billion Tier 1 common equity requirement prescribed by the Federal Reserve's Supervisory Capital Assessment Program ("SCAP.

Regions Announces Successful $1.85 Billion Capital Raise; Company Prices Common and Mandatory Convertible Preferred Offerings

The Supervisory Capital Assessment Program (stress test) conducted by the Federal Reserve and other bank supervisors determined that many of the above mentioned institutions must build common equity.

Fitch Places Ratings from 9 U.S. Banks on Rating Watch Negative

Vikram Pandit, Chief Executive Officer, and Ned Kelly, Chief Financial Officer, will host a teleconference and live webcast on Thursday, May 7, 2009 at 6:00 PM (EDT) to discuss results from the Supervisory Capital Assessment Program and provide an update on the timing of the previously announced public exchange offer.

Citi to Expand Public Exchange Offers by $5.5 Billion to Meet U.S. Government Stress Test Requirements

BOSTON -- State Street Corporation (NYSE:STT), today announced that the Board of Governors of the Federal Reserve System has determined that, under the stress test administered under The Supervisory Capital Assessment Program (SCAP), State Street does not need additional capital.

State Street Passes Stress Test with Substantial Capital Buffer

Estimates provided by Wells Fargo to federal banking regulatory agencies as part of the Supervisory Capital Assessment Program (SCAP) reflect a hypothetical "what-if" scenario based on assumptions (1) contained in the SCAP and described in "The Supervisory Capital Assessment Program: Design and Implementation," dated April 24, 2009, and (2) as determined between federal banking regulatory agencies and Wells Fargo.

Wells Fargo Well-Capitalized, Expects to Fulfill $13.7 Billion Capital Requirement Through Earnings, Other Internally-Generated Sources and Announced Common Equity Offering

NEW YORK -- American Express said today that it has received a final report from the Federal Reserve which concludes that there would be "no capital need" under the assumptions used by the Supervisory Capital Assessment Program.

American Express: Stress Test Finds "No Capital Need"

NEW YORK -- Vikram Pandit, Chief Executive Officer, and Ned Kelly, Chief Financial Officer, will host a teleconference and live webcast on Thursday, May 7, 2009 at 6:00 PM (EDT) to discuss results from the Supervisory Capital Assessment Program and provide an update on the timing of the previously announced exchange offers.

Citi to Host Teleconference on Thursday, May 7, 2009, 6:00 PM (EDT)

Eastern Time) on May 7, 2009 to discuss results from the Supervisory Capital Assessment Program (SCAP).

JPMorgan Chase Announces Investor Conference Call to Discuss Results from Supervisory Capital Assessment Program