The Chicago Fed supervises state member banks, bank holding companies and financial holding companies, and also provides these institutions with pertinent information to enhance their risk management processes.

News

Recent Information on the Treasury Capital Purchase Program

Secretary Henry M. Paulson, Jr. delivered a statement October 20 to discuss additional details on the capital purchase program. The Application Guidelines for the TARP Capital Purchase Program and an FAQs document are available on this site and at the site of the U.S. Department of the Treasury. These documents provide additional details about the application process, including the submission requirements for Qualifying Financial Institutions (QFI). QFIs should submit applications for this program to their primary federal regulator on or before November 14, 2008. Bank holding companies will submit duplicate applications, one to the Federal Reserve Bank and the other to the primary bank regulator. Treasury will post an application form and term sheet for privately held eligible institutions at a later date and establish a reasonable deadline for private institutions to apply.

State member banks and their holding companies may contact Colette Fried, Assistant Vice President, Chicago Reserve Bank Supervision and Regulation Department, at 312-322-6846 with questions. Applications may be submitted via e-mail to Colette Fried or via mail to the Federal Reserve Bank of Chicago, 230 S LaSalle, Chicago, Illinois 60604 in c/o the Supervision and Regulation Department.

Supervision and Regulation Publications

Applications Bulletin

Regulatory Update

Capital & Market Risk Insights