Zions Bancorporation
Date:
November 14, 2008
Maximum Amount:
$1.40 billion
Amount Spent:
$0.70 billion
Deficit Impact:
-$0.06 billion This institution received funds from the Treasury Department under the Capital Purchase Program in order to promote lending and market liquidity. The institution gives the Treasury Department warrants and dividend payments, while the Treasury buys preferred stock shares from the bank.
Source:
Notes:
Maximum amount based on official Treasury statements. Amount spent indicates loans and purchases minus loan repayments (but not dividends), as of 4/4/2012 (http://www.financialstability.gov/latest/index.html). Deficit impact calculated by CRFB, using CBO's practice of estimating costs on a risk-adjusted present value basis.
Deficit impact is derived from CBO's subsidy rate for the Capital Purchase Program (-4%), as listed in CBO's January 2010 baseline.