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The Capital Purchase Program (CPP) is an American government preferred stock and equity warrant purchase program conducted by the Office of Financial Stability of the United States Department of the Treasury, as part of Troubled Asset Relief Program (TARP) that was launched in 2008. According to the first congressionally mandated oversight report published by the United States Government Accountability Office (GAO), "[TARP's] primary focus was expected to be the purchase of mortgage-backed securities (MBS) and whole loans... [but] within 2 weeks of enactment... the Treasury announced that it would make $250 billion of the $700 billion available to U.S. financial institutions through purchases of preferred stock." This followed a model initiated by the United Kingdom bank rescue package announced on October 8, 2008.
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