**GAO-10-861**                      Published: Sep 29, 2010. Publicly Released: Sep 29, 2010.                  

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## Highlights

The Supervisory Capital Assessment Program (SCAP) was established under the Capital Assistance Program (CAP)--a component of the Troubled Asset Relief Program (TARP)--to assess whether the 19 largest U.S. bank holding companies (BHC) had enough capital to withstand a severe economic downturn. Led by the Board of Governors of the Federal Reserve System (Federal Reserve), federal bank regulators conducted a stress test to determine if these banks needed to raise additional capital, either privately or through CAP. This report (1) describes the SCAP process and participants' views of the process, (2) assesses SCAP's goals and results and BHCs' performance, and (3) identifies how regulators and the BHCs are applying lessons learned from SCAP. To do this work, GAO reviewed SCAP documents, analyzed financial data, and interviewed regulatory, industry, and BHC officials.

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## Topics

Financial Markets and Institutions

Audit oversightBank holding companiesBanking regulationCapitalEconomic stabilizationFederal aid programsFinancial institutionsFinancial managementFinancial regulationLending institutionsLessons learnedProgram evaluationTestingAssessmentsProgram coordination